9648 Spring Branch Drive
About This Property
Located in the coveted White Rock Valley neighborhood, this beautifully renovated home offers three bedrooms, two and a half bathrooms, and an open layout with vaulted ceilings in the kitchen and living area, filled with amazing natural light. The upstairs features an awesome additional living space with a custom-built Murphy bed, perfect for guests or flexible living. Updated bathrooms add modern touches throughout. The backyard has been reimagined with turf, beautiful shade, and a wonderful play space. An impeccable home in a prime location near parks, schools, and shopping - this home is a must-see!
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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