541 GALA DRIVE
About This Property
On the main floor enjoy updated flooring granite countertops and an open floorplan that encompasses the Kitchen, Living and Dining Room. Sliding glass door leads out to the deck with access to the rear and side yard. Upstairs enjoy a Primary bedroom with en suite bath and walk in closest. 2 other bedrooms, a full bath and laundry complete this floor. The lower level is equipped with a full bath, gas fireplace and large room that can play as an additional bedroom or game room Canon McMillian School District. HOA fee covers roof, landscaping, lawn care. Homeowner responsible for snow removal of sidewalks and driveway.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 30, 2024 | Listed by NEXTHOME PPM REALTY | $345,000 | |
| Listed by NEXTHOME PPM REALTY | |||
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NEXTHOME PPM REALTY
Last Updated: 2 years ago
Data Source: WPMLS , MLS# 1655705
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