8206 Millbrook Avenue
About This Property
An open-concept floor plan with high ceilings and natural light feels warm and inviting. Elegant sitting room seamlessly flowing into a beautiful kitchen boasting stainless steel appliances, soft close shaker-style cabinets, and quaint little beverage bar. Spa-like main floor owner's suite with private pool access. Big walk-in closet with built-in cabinetry with ample space for all your wardrobes.
An ''Outdoor Oasis'' rests just outside dual sliding glass doors with a large, covered patio, screened lanai, and heated pool (90+ degrees!) Perfect for hosting pool parties and family events. No more yardwork with hassle free living with an HOA maintained yard.
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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