2703 Bermuda Drive #2
About This Property
This 2 bedroom, 1.5 bath, 1 car garage includes tile, carpet, two tone paint and a Fireplace !! Yes a Fireplace.
The kitchen has an electric smooth top range, vent hood, dishwasher, garbage disposals and a refrigerator.
Front area has a new metal fence on each unit for more privacy from the street. Roof is new within 2 years old.
It is centrally located to Killeen, Fort Hood Post, Copperas Cove and surrounding areas with lots of restaurants and shopping to choose from. Excellent rental history.
The listing price is "listed below recent appraised value". This owner has owned this property for almost 30 years and is retiring. This property has always stayed rented and gave them a surplus every month. It was a great tax write off, cash flow and is an investor dream. It has been managed with the same managment company as well and it has been maintained well.
The manager has listed the unit size as 1848 square feet.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2024 | No longer available | - | |
| No longer available | |||
| Mar 2, 2024 | Listed | $230,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/02/2024
|
Studio
|
-
|
1848 ft²
|
$230,000
Studio
-
1848 ft²
|
-
-
|
Suzanne Gilbert
Jim Wright Company
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017