6116 Overland Drive
About This Property
Major upgrades include a brand-new roof, a newer heat pump (2021) , and a newly paved driveway, providing peace of mind for years to come. The functional layout offers comfortable living spaces filled with natural light.
Located in the peaceful Pine Forest neighborhood, close-in Varina with easy access to it all. Just a quick bike ride to the Capital Trail and a short drive to downtown Richmond, Rocketts Landing, Church Hill, and White Oak Town Center. A great opportunity to own a fully renovated home with both style and convenience.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017