8188 Palm Gate Drive
About This Property
There are 2 additional bedrooms plus updated guest bath also with mother of pearl of tile. The laundry leads out to the 2 car garage. Newer washer and dryer including a washer that has an additional lower washer for small loads. The backyard is truly an oasis with a huge 21' X 38' patio, hurricane rated pergola that the roof closes when the rain starts. Backyard is fully fenced and one of the largest rear yards in the community. The home has accordion shutters for quick closing.
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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 Palm Beach
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$2,600 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017