9776 ORR Drive
About This Property
2000 sq/ft 3-bedroom 2 full bath and large enclosed front porch. Home has newer roof (2016), new 4
ton A/C, new windows, updated plumbing, new electrical panel and service and service to garage, fresh
paint and fixtures throughout. Large living room with wood-burning fireplace and separate formal dining
room. The home sits on a huge corner lot and features a detached garage and storage area. Could easily
be converted to 2 car garage or workshop, or income-producing rental unit. Fully fenced backyard. This
prime location is minutes to Tinseltown, Regency Downtown and the beaches. Act fast of one of the
largest homes and lots in the area won't last long.
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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 Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017