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1028 N COLUMBUS Drive
About This Property
New LVP flooring, a fully remodeled kitchen, and updated bathrooms set the tone inside. A new roof in 2023, new attic insulation in 2023, a recently replaced AC unit, and a fully upgraded irrigation system mean the big-ticket items are handled for years to come. Outside, fresh exterior paint and professionally installed artificial turf and pavers in both the front and back yards deliver low-maintenance curb appeal that looks great every single day. And then there is the lifestyle. Val Vista Lakes is one of Gilbert's most iconic master-planned communities, offering residents a lagoon pool with a sandy beach, a junior Olympic pool and spa, tennis complex, pickleball courts, racquetball courts, a fitness center, scenic lakes, parks, and miles of walking and biking paths, all within a beautifully maintained setting. Downtown Gilbert's restaurants, shops, and entertainment are just minutes away.
If you have been waiting for a home where someone else already did all the work, this is it.
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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%.
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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