8723 CHILTON DRIVE
About This Property
The home offers a rare and versatile layout with two primary suites, each featuring custom closet systems, along with a dedicated office space appointed with granite countertops and extensive cabinetry that mirrors the kitchen's finishes. Additional highlights include a three-car garage and custom shutters throughout the home, adding timeless style, value, and ease of maintenance.
Outdoors, enjoy a large covered patio that is fully screened, overlooking a completely fenced backyard-perfect for relaxing or entertaining. Residents of Parkside enjoy access to a clubhouse, park, and community pool, all just steps away from your front door. Ideally located in the sought-after Dr. Phillips area, the home is surrounded by abundant dining, shopping, and entertainment options (including Sand Lakes Restaurant Row) within a five-mile radius.
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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