8985 Three Rail Drive
About This Property
The quality workmanship upgrades and beautiful finishing's throughout the home will surpass any buyer's wishes. The formal dining room, living room, and family room feature the ultimate balance of beauty and functionality. The lower level features a guest bedroom with en suite, cathedral ceilings, wet bar, and Travertine floors. This home is excellent for formal or informal gatherings with family and friends.
Enjoy the most spectacular sunsets from the second-floor Primary bedroom's private balcony overlooking the lake. In addition, find his and hers walk in California closets along with his and hers bathrooms. Featured on the second level are 4 additional bedrooms with walk in closets and private en suite.
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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 Equus Equestrian Center Condominiums
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017