34
Map
318 Souther Road
About This Property
The outdoor spaces are just as appealing. The fully fenced, level backyard offers plenty of room for pets, play, and gatherings. Numerous organic garden beds are planted with native perennial species that bring joy and appeal year after year. The back deck has been extended to create even more outdoor living space, complete with a canopy for a shady place to relax or entertain. Custom-built deck furniture conveys, and the side deck now features stairs for easy access to the backyard. Peaceful, wooded surroundings and winter mountain views add to the setting, while a huge shed provides plenty of extra storage. With established gardens, spectacular updates, fantastic outdoor spaces, and easy access to Asheville, Hendersonville, and amenities, this home offers an impressive amount of value at an incredible price point!
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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