7327 Morningside Drive
About This Property
As you walk inside the home, the guest bedrooms and guest bathroom with are located at the front of the home. Each bedroom comes with soft carpet floors and a spacious closet for clothing and storage. Further down the hallway is the garage and additional guest bedroom next to the laundry room. The hallway opens to the large open living room and kitchen leading to primary bedroom and backdoor. The kitchen has an island, a large pantry, and stainless-steel appliances. Next to it is the dining area with a double window next to the back door looking out into your covered rear patio and large back yard. The bathrooms and kitchen have beautiful white cabinets and granite countertops for modern style and durability. The large primary bedroom has soft carpet floors and plenty of space for a king size bed and furniture since the closet is in the primary bathroom. In the primary bathroom you will see beautiful EVP flooring and a double vanity with granite countertops as well as a walk-in shower.
The Ryder floor plan is a popular choice at Morningside. Schedule a showing to see it today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017