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7708 TOWER WOODS DRIVE
About This Property
2015/16 Roof was replaced with a metal 50 year roof. and new shingles for smaller areas. new kitchen, new hardwood floors, beautifully updated bathrooms, HVAC, tankless water heater, All new upgraded windows. professionally manicured fenced yard. Private (treed) view out the front and back of the home. 2 car garage. on a quiet neighborhood street. in the West Springfield school pyramid.
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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 Newington
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$3,900 /mo
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$2,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017