8070 Duomo Circle
About This Property
Kitchen has new cabinets, appliances and granite counter tops. Interior is freshly painted. Tile throughout and carpet in bedrooms. Seamless showers in both bath's. Make-up counter in master bath. New washer & dryer. 3 years new a/c system with high efficiency rating. New hot water heater. r/o drinking system. Large screened in topical outdoor patio for entertaining and relaxing.
Accordion hurricane shutters and Bahama shutters. Exterior lighting and alarm system.
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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.
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About Melrose
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017