2424 Steppe Dr
About This Property
Open-concept living and floor plan seamlessly connect the living, dining, and kitchen areas, creating a spacious and inviting environment. The gourmet kitchen is a chef's dream, equipped with top-of-the-line appliances, stylish countertops, and plenty of storage space.
Beyond the confines of this remarkable property, you'll find a range of amenities that enhance your lifestyle. These amenities provide opportunities for relaxation, recreation, and socializing, allowing you to make the most of your leisure time.
Located in Longmont, this home offers easy access to a multitude of local attractions. Immerse yourself in the city's vibrant cultural scene by exploring the nearby art galleries, theaters, and music venues. Longmont is also known for great dining options, offering a variety of cuisines to suit every palate. For outdoor enthusiasts, there are numerous parks, and hiking trails to enjoy, allowing you to embrace the natural beauty of the area. The neighborhood surrounding 2424 Steppe Drive is characterized by its welcoming ambiance and friendly community spirit. Residents enjoy a sense of belonging and a close-knit atmosphere. The area is known for its well-maintained homes, tree-lined streets, and proximity to schools, making it an ideal place to raise a family.
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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