9851 Melody Dr
About This Property
Large Outdoor Living Space 24' x 26' stamped concrete deck with Pergola, Built in 7' Gas fire pit, large built in gas grill, Refrigerator, Tap beer system, and storage cabinet. Built in Lighted walkways and accent lighting throughout the outdoor space.
Extra large unattached 2 car garage with shop 30' x 24' with an attached 30' x 5' concrete fenced dog run.
Upgraded High Efficiency Insulation in all exterior walls, attics, and finished basement
Upgrade Pella Windows through house
Upgraded Main Electrical Box
Led Can Lighting on main level and recently finished basement
Gas fire place in the main level living room
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Cap Rate Calculator
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