776 Manchester Drive
About This Property
This move in ready 3 bedroom 2 1/2 bath ranch is a perfect year round home or summer get away. Remodeled kitchen makes cooking and entertaining family and friends open and easy. Screened in porch is amazing for enjoying lake breezes and summer naps or watching the wildlife in your back yard. The large wood burning fireplace is perfect for setting the mood as the seasons change from outside to inside. Owner has totally updated the exterior of the home and well as the landscaping so no ''honey do'' list just enjoy the great neighborhood and activities our area has to offer.
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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