3319 Monza Drive
About This Property
need of some TLC to make it your own and would make an excellent investment property! Selling AS-IS! The
home offers a spacious living area, dining area with custom built-in cabinets. The master bedroom offers
custom built-in cabinet/shelf frame in place of a headboard, large closet and e-suite bath. The secondary
bedroom is also a good size with the other bath across the hall. The Seller added an attached bonus room at
the back of the house that can be finished out and used as a bedroom, game room or craft/exercise room.
The HVAC, Sprinkler System, Oven need work so the property has been priced accordingly. Located in a
mature community with area pool, parks and easy access to Beltway 8, US 290 & I-45. Close to Willowbrook
Mall, Bush Intercontinental Airport and numerous shopping, restaurants and other services.
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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