930 LAKE DRIVE
About This Property
Upstairs the primary bedroom features a sweet sitting room overlooking the back yard, 2 walk in closets, and a spa like bath with oversized shower. Bedroom 2 has its own en suite bathroom, and bedrooms 3 and 4 share a buddy bath.
Lower level if fully finished and was updated in 2023 with a second family room/recreation room, pool table and built in shelving, a 5th bedroom, and a full bath. And that gorgeous pool table conveys to the Buyer!
The two car garage is equipped with a Gladiator Garage Storage system with shelves, hooks, cabinets and accessories (like bike storage and shoe racks, ball storage and mesh storage bins)
Walking distance to community area featuring boat ramp, beach, picnic area, and canoe and kayak storage. A second community area has a playground, basketball court, and community center
Broadneck schools.
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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 Arnold
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017