2423 EGRETS GLADE Drive
About This Property
Affordable 3 bedroom, 2 bath home with 1610 sf located on a partially fenced cul-de-sac corner lot in Egrets Glade, a small established neighborhood zoned for Alimacani and Fletcher Middle School. New architectural shingle roof and screened porch installed in 2011. Family room with vaulted ceiling, wood floors, woodburning fireplace, and French doors lead to your large screened porch. Open eat-in kitchen with breakfast bar, Corian counters, inside laundry room and all appliances convey including refrigerator, washer, dryer and water softener. New master bath shower and vanity, fresh paint and new carpets in bedrooms. Formal dining room can be used for office or 4th bedroom. Sprinkler and security systems, mature trees, lush landscaping, & termite bond bond
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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%.
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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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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017