874 WHITE OAK DRIVE
About This Property
Recent updates include expanded kitchen, and dining areas, multiple primary bedroom suites, additional living space in the detached oversized garage, outdoor decking , an added lakeside patio., updated HVAC and sprinkler system in the main house structure.
Virtually all the rooms in the house offer plenty of natural lighting with many offering great lake views. The oversized type A dock is perfect to relax on at any time of day. The lakeside of the house features a generous play area for children while the deck, patio and hot tub all offer inviting views of the lake and distant horizon.
Additional benefits of the property include easy convenience to area restaurants, services, state parks, golf and amenities. Many are located within 5-10 minutes of the property.
It all adds up to a great opportunity. Schedule your appointment today.
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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