1018 Mountainside Lane
About This Property
Western Alamance school district. Adjoins approximately 10 acre lake, ideal for fishing and canoeing. Two bedrooms, 2.5 baths, covered porch, sunroom. Both bedrooms have adjoining bathrooms. Outbuildings include large workshop with 220 volt-80 amp power, pole shed, metal carport for boat or tractor near garden area, garden and wood shed. Gas propane furnace plus mini-split heat pump for lower level.
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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