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2811 Springdale Road
About This Property
The kitchen includes updated cabinetry, countertops, tile backsplash, sink, and fixtures, with the refrigerator available to convey. The full bath has modern finishes and updated plumbing, while both bedrooms are well-sized and a separate laundry area adds everyday convenience.
Outside is where the property really stands apart. The expansive lot provides a large yard, substantial off-street parking, and plenty of room for vehicles, trailers, recreational equipment, or additional outdoor use. Automatic irrigation serves both the front and back yards, and the exterior has also been freshly painted. The detached one-car garage and separate storage shed both have newer siding and roofs, adding useful storage and flexibility.
A newer roof on the main home and other interior improvements add to the overall appeal. Conveniently located with easy access to major roadways, shopping, dining, the Stockyards, downtown Fort Worth, and more. Come see it 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