902 CYPRESS POINT CIR
About This Property
THIS HOME HAS TONS OF FEATURES AND LOADS OF SPACE. RECENTLY UPDATED TRADITIONAL FLOOR-PLAN WITH FEATURES TO INCLUDE BUT NOT LIMITED TO CUSTOM BUILT-INS, EXPOSED BRICK, WOOD BURNING FIREPLACE, TWO THEATER SYSTEMS WITH PROFESSIONALLY INSTALLED SURROUND SPEAKERS, SURVEILLANCE SYSTEMS WITH 11 CAMERAS, ALARM SYSTEM, GOURMET KITCHEN, CENTER ISLAND BAR W/ GAS COOKTOP AND TABLE SPACE, WALL OVEN AND MICROWAVE OVEN, CUSTOM CABINET LIGHTING, STAINLESS APPLIANCES, FORMAL DINING AND LIVING ROOM WITH CUSTOM CROWN MOLDING AND RECESSED LIGHTING, MASTER BEDROOM WITH A CUSTOM WALK-THROUGH CLOSET/WARDROBE, FINISHED REC ROOM WITH PROJECTOR AND SCREEN TO CONVEY, BONUS ROOM CURRENTLY USED AS EXERCISE ROOM AND 2ND POWDER ROOM, HUGE DECK, FLAT BACKYARD, 2 CAR GARAGE WITH SHELVING AND BIKE RACK , 4 CAR PAVED DRIVEWAY AND ATTRACTIVE CURB APPEAL. SOME MINOR DECORATIVE IMPROVEMENTS ARE STILL UNDER WAY. ***SELLER PREFERS TURNKEY TITLE FOR CLOSING***
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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%.
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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 Lake Arbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017