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8401 MILL CREEK LANE
About This Property
A standout feature is the light-filled Florida room, surrounded by windows and offering a versatile extension of the living space, perfect for a sitting room, hobby space or simply enjoying the Florida sunshine from indoors. Two bedrooms and a full bath complete the main living area, while the half bath and laundry area are located in the garage.
Outside, the covered front porch adds welcoming curb appeal, while the fenced backyard with mature trees offers plenty of room to enjoy the outdoors. The irrigation system is on a well pump. The attached 1-car garage provides additional storage and convenience. Located in the established Beacon Woods community, close to shopping, dining, medical facilities and everyday conveniences.
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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 Beacon Woods Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017