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3401 Socorro TRL
About This Property
Inside, the living room showcases cathedral ceilings with charming wood beams and a cozy stone fireplace, creating a warm and inviting space with picturesque views of the backyard. The remodeled kitchen, featuring ample storage and cabinetry, is conveniently located between the breakfast nook and formal dining room, making hosting effortless.
The MIL floor plan includes a fourth bedroom with a full bath and private backyard access, offering versatility for guests or multi-generational living. The primary suite features an en suite bath and dual closets, while two generously sized secondary bedrooms share a well-appointed hall bath.
The expansive backyard offers room for a playscape or trampoline, making it ideal for kids or outdoor activities. Zoned to highly rated schools- Baranoff Elementary, Bailey Middle, and Bowie High; and benefiting from a low 1.60% tax rate, this home truly has it all!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 9, 2025 | Listed by The Davis Company | $750,000 | |
| Listed by The Davis Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017