8604 BURNT HICKORY CIRCLE
About This Property
The main level features a spacious living room, a dining room with two sliding glass doors leading to a large deck overlooking the backyard, and a kitchen with convenient access to the carport. Hardwood floors add warmth and character throughout the main living areas.
Upstairs, the primary suite includes a private bath, while additional bedrooms and a full hall bath provide comfortable space for family and guests. The lower level offers a large family room with a wood-burning stove, a half bath, workshop/storage space, and walkout access to the backyard.
Additional highlights include a 12' x 14' shed with electric and windows, an additional shed, ample parking, and a location just minutes from downtown Urbana, shopping, dining, the library, and I-270.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017