292 MILLER DRIVE
About This Property
Located near Strasburg Town Park and the Shenandoah River, the home provides easy access to outdoor activities including riverside walks, fishing, kayaking, and community events. Just minutes away, the historic streets of Strasburg showcase the town's unique character with colorful murals created by internationally recognized artists. Lined with family-run businesses, the downtown area features antique and vintage shops, a local brewery, and farm-to-table restaurants that highlight the area's welcoming atmosphere. Strasburg blends modern vibrancy with deep respect for its heritage, making it an appealing place to call home.
Conveniently situated at the junction of I-66 and I-81, Strasburg serves as the northern gateway to Shenandoah County. Its location makes travel throughout the region simple while maintaining the peaceful charm of a small community. Whether you are drawn by the natural beauty of the mountains and river, the lively yet historic downtown, or the practical ease of access to major highways, this property presents a wonderful opportunity to enjoy all that Strasburg has to offer.
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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