9703 Independence Dr
About This Property
The hall Bath has been remodeled with all updated shower, cabinets and onyx countertop. You will love the beautiful COREtec flooring throughout the main living area. The tall vaulted ceilings give this property the feel of peace and tranquility. A huge oversized 2 car garage awaits you with plenty of room for storage. The private patio is great for entertaining and has a nice privacy wall with no direct backyard neighbors!
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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