5327 RIVER FOREST Drive
About This Property
I prefer tenant to stay but they can move, if necessary.
Great Income producing property close to the river/very close to Arlington public boat ramp!
Concrete block home w/Brand new septic system/eaves!
Covered/tiled front porch.
Separate Living room/dining area off kitchen. Large Great Room, too!
Rear Fence. Nice backyard offers great privacy in the backyard which has a brick outside grill that needs a little TLC.
Interior Brick fireplace with tile accent and mantle looks amazing in the Large Family Room.
Galley kitchen cabs are solid.
Tons of tile throughout w/some plank flooring near interior laundry room.
Tenant can stay or relocate if necessary.
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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.
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About Greater Arlington
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Last Updated: 5 months ago
Data Source: Real MLS, MLS# 1122640
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Address: 335 Madison Avenue, New York, NY 10017