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2211 Appalachian Drive
About This Property
This absolutely adorable three bedroom, two bath home is now available for showings! Located in the desirable Lansing Ridge neighborhood, it is sure to go fast! This cutie has absolutely stunning Porcelain tile, imported from Spain, throughout the living and dining areas of the home. With a screened in back porch, you are sure to find your serenity while having your morning coffee. The outside Air conditioner unit was replaced in 2016, as well as the plumbing throughout. Hot water tank is only two years old! All stainless appliances are only a few years old at most. The newer Samsung Washer and Dryer DO convey. Geek Squad warranty on appliances is transferable. Don't miss your opportunity with this one. Here today, gone tomorrow!
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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