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8232 Grand Messina Circle
About This Property
new garage door, driveway reinstalled and sealed, all new appliances, hot water heater, and epoxy floor in the garage. Accordion shutters. You have to see it in person to truly appreciate its beauty! The gorgeous clubhouse offers a restaurant, bar, billiard room, theater, card room, library and gym. Outside activities include pickleball and tennis courts, and so much more! You can't appreciate this beautiful renovation without seeing it in person!
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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