2304 NEVADA DR
About This Property
This well-maintained, one owner, colonial is perfectly positioned on a generous lot within one Manchester's most desirable neighborhoods. This classic 4 bedroom, 2.5 bathroom floor plan is enhanced with crisp, neutral decor and numerous extra touches including hardwood floors. A bright sunroom with motorized blinds makes the perfect view of the beautiful back yard, along with a spacious versatile family room with a gas fireplace will provide space for family and friends. Master suite with a sitting area, en-suite with full bath, jetted tub and separate shower. The washer and dryer are conveniently located on the second floor. The spacious unfinished basement provides a rough-in for a full bathroom enabling you to design future spaces to fit your needs. Other items of note: Tankless Water Heater, new HVAC in 2023
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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