1381 Fallwood DRIVE
About This Property
The convenient kitchen, complete with a breakfast bar and nook, is perfect for everyday meals. The separate dining area is ideal for entertainment, while the large living area accommodates all your family gatherings. Step outside to the fully fenced backyard with a screened-in patio, creating your own private paradise.
This home's location is incredibly appealing, with a very low HOA and easy access to medical facilities, restaurants, and shopping. You'll have peace of mind knowing that this home boasts a newer roof (2021), updated flooring, new AC (2021) and a unique auto mosquito repellent sprayer for the backyard. Additional features include a Wi-Fi garage door opener and recently updated kitchen appliances (2022). The water heater was also replaced in 2023. Close to Publix, I4, medical facilities, and restaurants, this home offers the ultimate in comfort and convenience. This property may be under audio/visual surveillance.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017