855 Sandfly Lane
About This Property
Guests enter into a paneled foyer with a bench and sports closet. Enjoy the light in the great room from the paned clerestory windows, and the whimsical Juliet balcony from the upstairs bedroom. The kitchen has colorful backsplash with tropical tiles. A bright and cheery sunroom from the kitchen brings the outside indoors on this .66-acre parcel.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017