101 Cusson Drive
About This Property
Remarks: Great investment property and owner-occupied property with positive income every month. Tucked back on Cusson rd. is a six-year-old manufactured ranch style home situated on 2.87 acres of beautiful country land. This lovely home offers three bedrooms, Master bedroom has a full bath. Open floor concept with a large eat in kitchen, big island and cabinets galore, first floor laundry, dining area is great for family dinners, large living and family room leaves you plenty of space for entertaining. Second full bath at the other end of the home shared by two bedrooms. BONUS another manufactured home on the beautiful private property generates $950.00 a month. Long time tenant pays their own propane and electric. Several small outbuildings and a greenhouse surround the property, The stick built garage has 2 large garage doors. Fantastic workshop, garage for fixing vehicles or any home hobby you have. This property is a few minutes from the beautiful Salmon River. Would make a great camp for fishing and hunting while generating income. tremendous amount of parking space for both properties. The rental unit is tucked farther back from the road.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 4, 2025 | Sold | ||
| Sold | |||
| Oct 30, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Listed by L Wilson Realty | $209,900 | |
| Listed by L Wilson Realty | |||
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Public
Remarks: Great investment property and owner-occupied property with positive income every month. Tucked back on Cusson rd. is a six-year-old manufactured ranch style home situated on 2.87 acres of beautiful country land. This lovely home offers three bedrooms, Master bedroom has a full bath. Open floor concept with a large eat in kitchen, big island and cabinets galore, first floor laundry, dining area is great for family dinners, large living and family room leaves you plenty of space for entertaining. Second full bath at the other end of the home shared by two bedrooms. BONUS another manufactured home on the beautiful private property generates $950.00 a month. Long time tenant pays their own propane and electric. Several small outbuildings and a greenhouse surround the property, The stick built garage has 2 large garage doors. Fantastic workshop, garage for fixing vehicles or any home hobby you have. This property is a few minutes from the beautiful Salmon River. Would make a great camp for fishing and hunting while generating income. tremendous amount of parking space for both properties. The rental unit is tucked farther back from the road.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017