713 Broad Street
About This Property
Fully renovated 3 bed 2 bath home with open floor plan! Large partially wrapped front porch to sit and enjoy peaceful evenings with a newly stained deck overlooking a wonderful fenced backyard. Walking distance to the newly revitalized downtown Kannapolis. Full of shops and restaurants and, of course, the baseball stadium. Plenty of storage in the walk-down basement.
This won't last long at this price and location. Make this house your home today!!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017