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4316 Excursion Dr
About This Property
The property's ideal location provides easy access to local shopping, dining, and entertainment. It's also conveniently located near major highways, making it easy to explore the city and all its offerings. Whether you're in the mood for a night out or a day of exploring the outdoors, the nearby attractions include Garden of the Gods, the U.S. Air Force Academy, and Pikes Peak . Additionally, the property's proximity to the Amazon facility is especially beneficial for those looking to work in the area. The Colorado Springs Airport is also a short drive.
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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