12043 Wicker Drive
About This Property
Like new with all fresh paint and refinished REAL hardwood floors. Primary bedroom and bath on main with three more bedrooms upstairs with bonus. The carpet in the bedrooms is all new! Less than 15 minutes to UNC. Community offers pool, tennis and a lake with a walking trail. Come see! New roof in 2020, Water Heater also done 2021.
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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