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1504 Overbrook Road
About This Property
Located just across from Burlington City Park, residents can enjoy amenities for all ages including the historic Dentzel Carousel, miniature train, kiddie rides, ADA-inclusive playground, walking trails, fitness stations, tennis courts, baseball and softball fields, open green spaces, pickleball complex, splash park, aquatic center, amphitheater, picnic shelters, and year-round community events such as the Carousel Festival, Summer Concert Series, July 3rd in the Park, and Christmas in the Park. A wonderful opportunity to enjoy comfortable living in a vibrant park-side setting. And just a short 1.7 mile walk or drive to vibrant downtown Burlington. 10 Minutes to Elon University.
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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