2207 BROAD WATER Drive
About This Property
The roof, air conditioning, water heater, pool plaster, driveway, fence and septic tank have all been updated recently (see the attached document for years).
The owners have installed double pane windows in every window along with beautiful, custom plantation shutters. Enjoy a warm summer afternoon in your spacious backyard and a dip in the pool! Pool is 25,000 gallons and 9.5 feet in depth. (All pool equipment conveys)
The owner has a classically vibrant taste in colors but don't let that distract you from the ability to make this cozy, split floor plan home your own. UPDATE: All WDO repairs have been made per previous contract inspection. Septic inspection on file.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 22, 2021 | Sold | ||
| Sold | |||
| Sep 16, 2020 | Listed by KST GROUP LLC | $354,900 | |
| Listed by KST GROUP LLC | |||
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017