36
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7117 Brandywine Drive
About This Property
If you have your own VA eligibility, you could possibly assume the loan balance with a 3.5% interest rate. The difference between the assumption and the purchase price though would need to be considered as it would need to be paid at closing along with the Buyer's customary costs to close- Square footage was verified from a VA appraisal report in December of 2017 as 1537 sq ft of heated and cooled.
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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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