260 Kenyon Drive
About This Property
Enjoy an unbeatable location in this bright and airy 3-bedroom, 1.5-bathroom ranch home! Boasting 1,762 sq. ft. of open-concept living space--a rare find for the area--this home is perfectly updated for the modern buyer. The interior features new LVP flooring, designer-neutral paint, and new plush bedroom carpeting. The heart of the home is the updated kitchen, featuring newer appliances, a deep-basin sink, and a breakfast bar that flows seamlessly into the expansive family room--ideal for entertaining. The sun-drenched floor plan includes a versatile bonus room, perfect for a home office, hobbyist studio, or climate-controlled storage. Step outside to your fully fenced backyard, offering a private retreat for pets and outdoor living. Enjoy Troy taxes with Royal Oak Schools, located just minutes from Downtown Royal Oak, Birmingham, and major commuter expressways. Schedule your private showing today!
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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