8382 COLONY CIR
About This Property
Here is a 2060 sq. ft. colonial in Matthewson Run, just waiting for someone to make it their own. It has a brand new roof, a new HVAC system, with separate a/c units for each level. There is new carpet throughout, new vinyl flooring in the kitchen, bathrooms, and laundry room. Sliders open from the great room off the kitchen to a bright three season addition that offers some more space. There is an ample pantry closet in the kitchen, and the laundry room off the kitchen has a closet. Also on the first floor at the front of the house is a formal dining room and a living room.
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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