978 NW 256th DRIVE
About This Property
with split bedroom layout. This house is updated with new granite in the kitchen and bathrooms. A brand new Rheem water softener was recently installed. This house is move in ready featuring gorgeous wood look tile flooring. The living room has 9 foot ceilings, wood burning fireplace, and an open concept with the kitchen and dining area. There are new stainless steel appliances with a breakfast bar open to the living room. The master suite is off the living room, opposite the Garage and also features a trey ceiling with ceiling fan, and large walk in closet. The master bath has a double vanity, separate water closet, jetted tub, and shower with multiple heads. An upgraded irrigation system services the entire property with water saver heads. The large back yard has a fire pit and backs up to a wooded area for extra privacy and sits next to the community playground. Low HOA dues of only $90 a quarter which include access to the playground, tennis courts, pavilion and basketball court. Zoned for Newberry schools.
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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%.
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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