7835 NW 47th WAY
About This Property
This home has an open floor plan with high ceilings, crown molding, and no carpet. The kitchen is open to the dining and living areas. Kitchen has a window over the sink allowing natural light in the home, tiled backsplash, and pantry. The living room has French doors which lead to a screened rear porch. Laundry area in hallway separating the bedrooms (washer and dryer included). The master bedroom has a bay window, walk in closet, and ensuite bath with dual vanity and jetted tub. The 2nd bedroom is at the rear of the home with views of the woods. The front entrance 2 car garage is another added convenience!
Enjoy the clubhouse, pool, and tennis courts which is included in the maintenance fee. The neighborhood is great for walking and is convenient to shopping and restaurants. The HOA maintains the lawn and exterior maintenance.
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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