850 Landers Road
About This Property
Cute as a button, this home is waiting for you to own it. It has 3 bedrooms & 2 full bathrooms. Built in 2009, sits on approximately 7,362 sqft lot. Good size backyard is a blank canvas. Front courtyard has benches great for enjoying morning coffee. No neighbors to one side of the property. Beautiful view of the Franklin Mountains. Primary suite has a walk-in closet, bathroom has tub, separate shower & access to backyard. All interior walls freshly painted, brand new light fixtures in the kitchen and dining area, new mirrors above vanities, all done April 2022. Located in Anthony NM only a 14 minute drive to Outlet Shoppes at EL Paso.
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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