9 Somerset Road
About This Property
The layout includes hardwood and tile flooring, a spacious rear deck, and a partially fenced backyard. While the home is in need of updates, its structure and lot configuration offer excellent potential for renovation, resale, or rental income.
Conveniently situated in the South Asheville/Arden area, you're just minutes from shopping, restaurants, and commuter routes. Priced with renovation in mind, this is an ideal opportunity for investors or buyers with vision. Bring your ideas and make this project your next success.
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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