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6115 HOT SPRING LANE
About This Property
Upstairs, the secondary bedrooms offer cozy carpeting, while the primary suite provides a relaxing retreat with wood flooring and an ensuite bath. Recent bathroom updates include a refreshed half bath with new light fixtures and mirror, and an updated full bath with a new light fixture (basement bath excluded). The lower level offers a carpeted flex space ideal for a variety of uses, with walk-out access to the back patio.
Outdoor living is just as inviting, with a screened deck on the main level along with an additional open deck space overlooking a lush green yard. Located in an amenity-rich community featuring tennis courts, tot lots, basketball courts, a community center, and a pool. Don't miss the opportunity to make it yours-schedule your tour today.
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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 Spotsylvania
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017