8936 Chestnut Ridge Way
About This Property
The floorplan could be ''opened up'' or even expanded out. The Ground Floor Bedroom, along with Full Bathroom is a wonderful feature for hosting guests or family. The roomy backyard has 2 fully mature Mango Trees that bloom every June and were just harvested.
Vibrant atmosphere, Top-rated schools, shopping, dining, & entertainment venues nearby plus gated security, resort-style clubhouse, fitness center, kids room, tennis & basketball courts, playgrounds, pool & splashpad, covered picnic & party area.
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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 Canyon Lakes
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$5,200 /mo
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$9,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017