7849 Enchanted Circle Drive
About This Property
The Wisconsin Floor Plan built by Classic American Homes is a two-story home with five bedrooms plus loft and three baths and a three-car garage, with one bedroom and bath downstairs. This home has beautiful granite countertops throughout the home. The beautiful kitchen is open to a large dining area and family room. The kitchen with large island, stainless steel appliances, and beautiful tile backsplash. Home has ceramic tile flooring in all living areas, carpet on stairs and all bedrooms. A wonderful master bedroom with a large walk-in closet, and a super spacious bathroom with a separate tub and shower. Refrigerated air, 8 ft. entry door, and much more.
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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