10031 PINE TREE RD
About This Property
The welcoming covered front porch sets the tone for a home filled with warmth and charm. Inside features include: hardwood floors, upgraded cabinetry, fireplace in the family room and a finished walkout basement offers additional living space. The laundry room conveniently located on the bedroom level adds practicality, easing daily routines. Outdoors, the expansive deck and patio invite you to enjoy the beautiful wooded backyard. Additional structures on the property include two storage sheds and a chicken coop, ideal for those simply maximizing their outdoor space. The private road, serving only four other homes, ensures almost unparalleled privacy and a tranquil living environment. This home remains conveniently close to essential services and amenities, offering the best of both worlds: a quiet country retreat with easy access to everything you need.
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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