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9906 LILY STREET N
About This Property
Enjoy the bright and inviting Florida room, complete with washer and dryer hookups inside unit, offering additional living space to relax or entertain year-round. Major updates include upgraded electrical throughout, a 2018 HVAC system, and a water heater maintained by the HOA for added peace of mind.
Springwood Villas offers an exceptional maintenance-free lifestyle with outstanding amenities, including a heated pool, sauna, fitness center, library, billiards room, shuffleboard courts, and an active clubhouse with regular social events. The monthly HOA fee covers water, sewer, trash, cable, natural gas, roof maintenance, lawn care, and access to all community amenities, leaving you with only the electric bill to pay.
Don't miss this opportunity to enjoy affordable, low-maintenance living in a welcoming and active 55+ community!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017