40700 HANNAH DRIVE
About This Property
Recent Updates and Improvements: New Roof, New Gutter guards, New Flooring, Master Bath Remodel complete, New lighting, Upgraded Kitchen appliances, fixtures and backsplash, Interior & Exterior Painting, Professional decor and window treatments, New Hot Water Heater, Water Filtration System, Water softener, "Cummins" automatic Generator with underground propane tank insures continuous power, water, and comfort during outages. Professionally installed Electronic Auto Charging Station, New Garage Doors and openers. Waterford Heights is a special neighborhood of all custom homes that it's on all hard surface roads. The home is near the Historic Village of Waterford which is on the National Registry of Historic places. Also close to numerous renowned Virginia wineries and approximately 8 miles to Leesburg.
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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