1925 Richland Drive
About This Property
Welcome to this beautifully designed 4 bedroom home featuring an open floor plan, two spacious living areas, and a layout perfect for both entertaining and everyday living. Located near Hardin Simmons University, Hendrick Hospital, and the growing North Abilene area, this home offers both convenience and comfort.
Step inside to find a bright and inviting space with plenty of natural light. The open-concept design seamlessly connects the kitchen, dining, and living areas, creating a warm and welcoming atmosphere.
Outside, the expansive backyard provides endless possibilities, complete with three storage sheds, including one with electricity, making it ideal for a workshop, home office, or extra storage.
Buyer and buyers agent to verify square footage, materials and schools.
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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