2589 ALEXIA Circle
About This Property
Many upgrades in this like new home. Amazing Sierra Floor plan with Lennar builder. Gourmet kitchen features a huge island with tons of cabinet space around the island, quartz countertops, Gas Range, stainless steel appliances including Fridge and spacious upgraded cabinets. Tankless Gas water heater. Tile floors the same throughout the entire home. Spacious family room overlooking the private screened lanai. Owners suite is located in the back of the home with a luxury owner's bathroom. Oversized spare rooms. Pavered driveway. Fenced in the Backyard. Community pool. Home will be professional cleaned prior to closing for move in ready.
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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 Greater Arlington
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Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1215515
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017