253 Confluence Rd
About This Property
Primary bedroom is on the main floor with west facing windows, a large closet, and spacious primary bath with double vanities and a custom tile shower. 3 bedrooms upstairs are accommodated by a large full bathroom with double vanities. Fully fenced backyard and insulated 2-car detached garage as well. The front porch is spacious and ready for you to enjoy a cup of coffee while taking in the views of the Arkansas Hills and Methodist Mountain. On demand hot water.
This neighborhood is quickly taking shape with new homes of high quality and attractive design that make this an exceptional place to be. Neighborhood is connected to commercial hub at Two Rivers and the rest of Salida with an easy bike ride on the connected bike path. Neighborhood will also feature a city park to be determined at point in future. Stop by today, home is complete and move-in ready.
Don't miss link below to 3D Walkthrough tour.
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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