517 Walnut Crossing Drive
About This Property
Enjoy easy one-level living with vaulted ceilings that create a bright, open feel throughout. The living room features a cozy gas log fireplace, while the eat-in kitchen offers a tile backsplash, pantry and appliances, and flows into a formal dining area--perfect for everyday living or entertaining. The spacious primary suite also boasts vaulted ceilings, a large walk-in closet, and a private bath with double vanities, a soaking tub, and separate shower. Dryer hook up can be electric or gas. Situated on a lovely corner lot with a backyard deck, all in a convenient location close to everything! $5,000 flooring allowance with acceptable offer. *Address is a Whitsett address with City of Gibsonville taxes*
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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