10535 O Connel Drive
About This Property
UPDATES, UPDATES, UPDATES! Have some peace of mind with these recent updates: remodeled bathroom on main floor, remodeled bathroom on upper level, added central air (home didn't have before), new furnace, tankless hot water heater (save space), new water softener, added washer & dryer (home didn't have one), stainless steel refrigerator & stove, and more. Plus, experience Lake Somerset in the Irish Hills, just in time for summer! This charming 3-bedroom, 2-bathroom home offers a cozy ''up north'' feel while being conveniently located only 20 minutes from Jackson and less than an hour from Ann Arbor. The house is ideally situated just one street away from the lake. So much to love about this home! Schedule your tour today
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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