6433 ISLA DEL REY Drive
About This Property
Step outside to a landscaped backyard with tall pine trees for extra privacy. Unwind in the luxurious Hot Springs hot tub after a long day.
Recent updates include new LPV flooring upstairs and in the primary closet, new hot water heater, fresh exterior paint, resealed flat roof and balcony, new patio doors, new dishwasher, garbage disposal, refinished cabinetry with soft-close hardware, new light fixtures, new front door, new toilets, and fresh paint in upstairs bedrooms. Optional items for sale include the hot tub.
This property offers a fantastic opportunity to assume an existing VA loan at a low 2.875% interest rate. Contact us for full details
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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 Chaparral Park North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017