2606 Michael Drive
About This Property
Welcome to your next home in one of Edmond's most peaceful and friendly neighborhoods! This delightful 3-bedroom, 2-bathroom home offers the perfect blend of comfort and convenience, ideal for first-time homebuyers or a savvy investor looking for a solid rental property.
Step inside to find a functional layout with plenty of natural light, and enjoy the oversized two-car garage that provides ample space for vehicles, storage, or even a home workshop. Outside, the spacious backyard is a true retreat-perfect for relaxing with a cup of coffee, hosting weekend BBQs, or creating your dream garden oasis.
You'll love the sense of community and the wonderful neighbors who make this area truly special. With a strong community setting and easy access to schools, shopping, and dining, this home is an amazing find in Edmond.
Don't miss your chance to make it yours-schedule your 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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017