8693 Querce Court
About This Property
Tile placed on the diagonal lines the floors in the main living space and crown molding wraps the ceiling. Walls are painted soft coastal shades. The eat-in kitchen has rich hued cabinetry, stainless appliances and granite counters.
Luxury vinyl plank flooring has been installed in the bedrooms. A popular trending sliding barn door with glass inserts allows entry into the primary ensuite bath. Here you will find a dual sink vanity, tiled step in shower and ample walk-in closet.
Updates are a new water heater, and pool pump. Active warranties cover many of the mechanicals.
The covered paver lanai extends onto the upgraded no see um screened patio that houses a kidney shaped pool. Your home is storm ready with an electric shutter on the back of the house and windows protected by accordion shutters. The private lot overlooks a relaxing waterway. The home has been re-evaluated by FEMA as being in flood zone X (unaffected).
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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