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204 BOWEN DRIVE
About This Property
As you enter the home the large family room welcomes you with a cozy fireplace converted to gas. On the left is the spacious master suite with a huge walk-in closet and an ensuite bathroom with a shower and vanity.
On the other side of the home are two additional bedrooms and a hall bath with a bathtub, ceramic tile flooring and a new toilet. The kitchen features stainless steel appliances, and a tile backsplash. Adjacent is the eat-in kitchen with a sliding glass door to the wooden deck. The laundry room is nearby and both machines convey. The ages of the roof, HVAC and water heater are not known but are mostly newer. Enjoy the freedom of a quiet community with NO HOA.
This home is zoned for Spotsylvania County Public Schools and offers easy access for commuters, being centrally located near I-95 and amenities like Cosner's Corner.
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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