8020 LIONS CREST WAY
About This Property
As if the home isn't enough this neighborhood provides a rare combination of access to major commuter routes, shopping, dining, and entertainment while feeling private and quiet in this serine setting.
Garage doors (insulated) new in 2017. Water heater new in 2019. Two zone HVAC (basement unit, attic unit) and two outside compressors new in 2020. Kitchen remodeled in 2022. Roof replaced in 2023.
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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