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6385 INDIA DRIVE
About This Property
Inside, the home has been thoughtfully redesigned with fresh interior paint, luxury glue-down vinyl plank flooring, new carpet, elegant quartz countertops, modern lighting, updated faucets and plumbing fixtures, and a full suite of new kitchen appliances. A brand-new HVAC system provides year-round comfort, while tinted windows throughout help improve energy efficiency. The rear door features built-in blinds, and the garage boasts a professionally finished epoxy floor. Adding a touch of Southern charm, the bedrooms are equipped with beautiful shaker-style built-in blinds. Every detail has been carefully selected to provide modern style, comfort, and peace of mind, making this move-in-ready home feel like new.
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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 Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017