409 Strickland Circle
About This Property
You'll know you're home when you take your first steps onto the covered front porch. Step inside to a bright entrance that leads to an impressive great room with a cathedral ceiling, ceiling fan and cozy fireplace. A dining nook offers a lovely backyard view. This home's efficient kitchen is complete with white cabinetry, a subway tile backsplash, stainless steel appliances and solid-surface countertops-all recently refreshed within the past few years.
The main-level primary suite features a tray ceiling and carpeting. The en suite bathroom includes a separate tub and shower, and the suite has two closet spaces for extra storage space. You'll also find an additional bedroom and full bathroom on the main level-one of many unique features of this home. The primary level also includes access to a shady wooden deck.
The terrace level on this home includes two additional bedrooms and a full bathroom with a tub/shower combo, a laundry room, and a large, multi-purpose finished living room –this space awaits your personal touch and creative ideas! A finished utility/storage area includes backyard access. While this lot features many mature trees, there's room to create outdoor living spaces to suit your family's needs. A utility shed offers storage for lawn equipment or toys. Four parking spots offer room for all your vehicles.
As a bonus, you'll love the proximity to Athens Tech, Kroger, pet stores, doctor offices, and restaurants, all within a 10-minute drive. Downtown Athens and the University of Georgia are just 20 minutes away, with Ingles only 4.5 miles from home.
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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