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2421 Java Dr
About This Property
The upper level features two spacious bedrooms, each boasting its own private walk-in closet, including a primary retreat with a stylish sliding barn door that opens to an en-suite bath with a huge glass-enclosed, marble-tiled shower, double vanity sinks, and a water closet. A full bath is located near the second bedroom. The crowning feature sits one floor up: a private rooftop deck with misters and string lights designed for year-round lounging and entertaining against a backdrop of mountain vistas. Complete with resort-style access to The Meadows' premier community hubs-including resort-style pools, waterslides, sand volleyball, and year-round community events at both the Taft House and The Grange-alongside convenient proximity to Santa Fe Drive, I-25, shopping, and dining, this turn-key residence is fully ready for its next chapter.
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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