204 Basin Avenue
About This Property
space. Step into an open layout featuring quartz countertops, sleek finishes, and an elegant electric fireplace that adds warmth and style. The huge primary suite provides a true retreat with generous space and custom tile work throughout. Enjoy the convenience of a one-car garage, included appliances, and thoughtful details in every room. Outside, relax or entertain on the oversized deck surrounded by nature, creating a private, peaceful atmosphere. Located minutes from downtown Kannapolis and within walking distance to A.L. Brown High School, this home blends comfort, design, and accessibility-perfect for modern living.
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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