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2599 E ARROWHEAD Trail
About This Property
Set in the Broadland Ranches Greenfield subdivision, 2599 E Arrowhead Trl is a 2,293-square-foot Gilbert residence built in 1997. The split floor plan includes a formal living room and a main living area. The kitchen features a center island, Corian countertops, ample counter space, abundant cabinet storage, a walk-in pantry, and stainless steel appliances, creating a fully equipped space for cooking and entertaining. The primary bedroom includes a walk-in closet, while the primary bathroom has double sinks and a separate tub and shower. Two additional walk-in closets and a dedicated laundry room add utility.
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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 Broadland Ranches Greenfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017