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25316 HERRING CREEK DRIVE
About This Property
The backyard is fully-fenced, with a slate patio that sits under a lovely, Japanese Maple tree. The gardens extend around the side of the house, home to mature landscaping for additional privacy.
Fresh paint throughout and outdoor sprinkler system installed (conveys as-is). Oversized 2-Car Garage features open loft area for significant extra storage. Installation Dates: Dishwasher (2026), Front Hardscaping and aluminum window casings (2022), Washer and Dryer (2021), Roof replacement (2018). HVAC and Water Heater both replaced. Super convenient location (immediate access to Rt. 50) with South Riding amenities for low monthly HOA including Community Pool, Basketball Court, Tennis/Pickleball and walkable to Owen/treehouse Park. Seller requests short Rent Back through June 30th.
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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.
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About South Riding
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017