8020 GREELEY BLVD
About This Property
BASEMENT: 1,725sqft finished basement with brick gas fireplace, family room, game area, fifth bedroom, full bath, built-ins, completely finished basement. Two additional bonus rooms in basement include a sixth bedroom currently used as relaxation room with a sauna (with an exterior door, adjacent outdoor hot tub) and a large room to work out or have a second office. There is lots of storage. LOCAL: WS Elementary is two blocks away, and home is in the Irving MS and West Springfield HS catchments. Bus stop down the street, 4 miles to Franconia-Springfield Metro (Blue Line) and VRE N/S. Close walking trails. This is a special property that has been lovingly maintained. VA assumable loan of $500,000 at a 3.5% interest rate for any interested buyers.
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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