25
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101 6th Street
About This Property
Thoughtfully renovated manufactured home with keyless entry is move-in-ready! Fully stocked kitchen, all appliances, furnishings, and W/D included. The primary "queen" bedroom connects to the full bath, while the second "full" bedroom has its own private half-bath. A cozy third bedroom features twin bunks-perfect for little ones.
The living area centers around a decorative fireplace, dining room table, and separate office nook. Sip your morning coffee from the rocking chair front porch, then enjoy the back deck around the fire pit and propane grill for a relaxing evening. Central heat and 4 window AC units keep things comfortable and cost-effective during our mild mountain summers.
The private, fenced lot and driveway has room for 3 cars and is just a half-mile to vibrant downtown Black Mountain and 2 miles to charming, historic Montreat. This rare, affordably priced gem awaits you in WNC's most sought-after market.
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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