2821 HOLLY POINT Drive
About This Property
A sizeable porch, ready for rocking chairs, welcomes you into this mid-century block home. You will enter through the living room where you're greeted with the original hardwood floors. Beyond that, a separate dining area featuring an arched opening and bar where you can enjoy your breakfast or cocktails. A screened back porch keeps the bugs away in the Florida Summers and the garage keeps your car free from pollen baths! This home boasts four bedrooms- don't quite need four? How about you use it as a Zoom Room, craft room, and/or home office space? New roof, new dishwasher, young AC, and water heater. With most of the big ticket expenses taken care of, you can make the cosmetic updates and call this place home or add this to your Investment Portfolio.
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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 Greater Arlington
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$1,650 /mo
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$1,595 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017