8 Lenann Drive
About This Property
The main floor boasts brand-new insulation, new wiring complete with LED multi-function light fixtures, custom molding, a propane gas fireplace, and thirty-year LVP flooring throughout. The gourmet kitchen features solid wood cabinets, elegant stone countertops, under mount cabinet lighting, and high-end stainless steel appliances.
Upstairs, you'll find an expansive primary suite that offers a private retreat, complete with a bonus den-ideal for relaxation or a home office. Every detail in this home has been curated to provide a modern yet inviting atmosphere
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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