416 Overman Drive
About This Property
New roof added!
This charming brick ranch features 3 bedrooms, 2 baths and is situated on a dead-end street. As you step inside, you'll be greeted by the warmth of refinished hardwood floors and new LVP flooring that flows throughout all living areas. The spacious den features a cozy fireplace, perfect for those chilly evenings. The kitchen boasts granite countertops and new stainless steel appliances. With its thoughtful layout, this home offers ample space for relaxation and entertainment with the addition of a front living room. The bedrooms are well-sized and offer plenty of natural light. The primary bedroom includes an ensuite bathroom for added convenience. The rocking chair front porch is an ideal spot to unwind and enjoy the peaceful surroundings. Located in West Burlington, this property offers easy access to schools, parks, shopping centers, and dining options. Commuting is a breeze with convenient access to highways.
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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