1001 Quigley Drive
About This Property
The 1,468 square foot open floor plan features bright and open living areas with vaulted ceilings. The living area opens up to the kitchen with tile floors and breakfast bar. The dining area is surrounded by windows letting in lots of natural light. Just past the dining area is a beautiful screened-in porch with a Victorian accent door that frames the backyard perfectly. The fenced backyard is very spacious with an additional storage shed and concrete area that could be great for loungers or a patio table. There is even room for a pool if desirable.
There is a split bedroom design with an oversized master bedroom overlooking the backyard. The master offers an ensuite bathroom with tile floors, chandelier and walk-in closet. There are two additional large bedrooms on the other side of the home for privacy that also feature new carpet and paint. There is a shared hall guest bathroom with tile floors.
This is an incredible opportunity to own an affordable home in the area. The convenient location south of I-10 is an easy commute to 7th special forces, Eglin or Hurlburt and in close proximity to schools, daycare, retail and restaurants and entertainment. You will want to see this house quickly before it is sold!
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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