6527 ALTAMA
About This Property
(Lockbox is on chain linked fence on right hand side of home in rear.) There are 2 window units which will convey; all appliances will convey except the dryer. There is a chandelier that will NOT convey in the dining room. Window treatments will stay. Cute doll house in back yard will stay AS IS. Roof age is unknown. Owner must stay until December 15, 2004.
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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%.
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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 Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017