9355 Pike Way
About This Property
Upon entry, the home greets you with a spacious foyer leading to an elegant living area complete with hardwood flooring and a stone-clad fireplace. The open floor plan seamlessly integrates the living space with a well-appointed kitchen, featuring stylish appliances, dark wood cabinetry, and a substantial island. The primary suite offers a luxurious retreat, complete with a well-designed bathroom featuring a dual vanity and jacuzzi tub for relaxation. The well finished walk-out basement was completed with multi-generational living as an option, featuring comfortable living spaces and a kitchenette. Complementing the interior, the outdoor spaces are equally impressive, featuring a covered deck with mountain views overlooking mature landscaping that ensures privacy and tranquility. The Candelas community enhances this property's appeal with its array of amenities, including parks, playgrounds, and walking trails.
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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