7487 Oak Tree LANE
About This Property
Beautiful wood accents throughout the home, along with .5 acre lot, and charming curb appeal makes this home have a "farm house" feel within the city limits. Whether you are sitting on the front porch or relaxing out back in your screened in lanai, you will certainly have no shortage of space to enjoy all of this homes beautiful features.
Community features include: RV/BOAT storage, an Island for fishing, fitness trail, basketball court, tennis court, pickleball court, Halloween and Christmas activities and 24/7 guarded gate.
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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.
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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017