247 Brocks Trace
About This Property
The kitchen is a dream with granite counter tops, stainless steel appliances, gas range and a huge pantry. Enjoy sitting at the large island with pendant lighting. The dining area can handle large gatherings and is great for entertaining. Owners' suite is on the main floor with en-suite bathroom with double vanity and huge owners' closet. A screened porch leads to a fenced back yard w/gates on both sides. Also a flex room for office or den, an upstairs suite w/bedroom/full bath/bonus room. Home has a double car garage and plenty of storage. HOA maintains the lush lawn, landscaping irrigation. Amenities include pickle ball court, pool, tennis courts, gym. Convenient to interstate, Elon University & shopping/restaurants. Primary bedroom being used as an office now. lawn, landscaping irrigation. Amenities include pickle ball court, pool, tennis courts, gym. Convenient to interstate, Elon University & shopping/restaurants. Primary bedroom being used as an office now.
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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