6708 HARWOOD PL
About This Property
Only a few stairs up are a primary bedroom suite plus two additional bedrooms and a stylish hall bath to share, filled with sunlight. Although some prefer to claim the entire lower level as a posh primary suite, with third full bath and an office. You may not even need all the space of the lower level for living, but it is pretty amazing for storage, play time, movie night or for guests. If you haven't already heard, West Springfield is "the" place to live! The prime commute routes leave you more time at home - express lanes, the Parkway, and only 3 miles to the Metro/VRE with a straight shot to the Pentagon, or airport for frequent travelers. Located within the West Springfield school pyramid, you've got a home that not only fits today-but grows with you tomorrow.
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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 West Springfield
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$4,000 /mo
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$3,850 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017