3404 Grandview Drive
About This Property
**New windows on entire house**New high end LVT flooring throughout house**New Custom Cabinets with soft close hinges(solid poplar...no particle board or laminate) **New high end Quartz counter tops**New appliances (refrigerator and range)**New light fixtures throughout house**New vapor barrier and floor insulation in crawl space**New trim and paint throughout**New custom mud bench in laundry room**HVAC was replaced 3 years ago**New black gutters and downspouts being installed 3/4/2024**New hot water heater**New soffit and aluminum fascia.
The home is located just a short walk up Grandview Dr from Pony Pastures park. The James River is absolutely beautiful in this area and is easily accessible via the park. Abundant wildlife along with massive old oak trees make this area a nature lovers paradise.
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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