9580 FAREWELL ROAD
About This Property
Enjoy the unbeatable location - walk to concerts at Merriweather Post Pavilion, stroll to nearby parks and restaurants, and take advantage of Columbia's renowned schools, community pools, and endless amenities. The backyard opens to parkland, offering a peaceful natural backdrop, while the low monthly HOA includes Columbia Association membership.
Practical updates include a roof (2013/2014), central A/C, and a full suite of appliances (including washer, dryer, refrigerator, built-in microwave, dishwasher, and gas stove) that all convey. Fee simple ownership means no ground rent, and the home also has a valid lead certificate.
Come see why this home's location and lifestyle are hard to beat - schedule your showing today!
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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 Columbia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017