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3712 Simms St
About This Property
Step outside and it only gets better. Backing to the Odom Farm area creates a sense of calm and privacy from the covered back deck. It sets the stage for easy outdoor living, whether it is morning coffee or a relaxed summer evening.
And then there is the location, walking access to clear creek trail which leads to 3 lakes and Prospect Park. And you're just a minute from the shops at Applewood Village where your go to coffee, dinner spots, and everyday stops (Home Goods anyone?) are right there. This is one of those homes that feels good, lives easy, and makes a strong impression from the start.
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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