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638 APPLE ORCHARD DRIVE
About This Property
Private Lake Access: The namesake of the neighborhood features a residents-only lake, a small sandy beach area, docks, and a boat ramp. It is perfect for swimming, kayaking, and fishing.
Sports & Recreation: The community includes outdoor basketball courts and tennis courts.
Playgrounds & Parks: There are designated playgrounds and tot lots for younger children, as well as picnic areas and expansive common grounds.
Nature & Hiking: Residents enjoy winding hiking trails throughout the community and are just a short drive away from the Appalachian Trail and Shenandoah National Park.
The community is strategically located just off Interstate 66, making it a convenient basecamp for commuting into Northern Virginia or Washington, D.C.. It is also just minutes away from the town of Front Royal for shopping, dining, and local conveniences.
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Cap Rate Calculator
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