22
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96 Morris Drive
About This Property
Windows are between 3 and 6 years old, updated Roof and Vinyl Siding. Four Zone in-ground Sprinklers covering the entire lawn, Patio in rear, Gazebo with Electric, Two Awnings...one off the rear of the house and the second off the garage. Rear OSE to basement, portable generator with direct hook up to the electric. Rear yard is fully PVC fenced, pavers in rear yard. Detached garage with power. Beautiful landscaping in front and rear yards.
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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 East Meadow
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017