10215 EARL Road
About This Property
10215 Earl Rd is a .59 acre parcel (130' x 200'). being sold with the back 3 parcels (60' x 300') of 10228 Fraser Rd. Parcels will be subdivided prior to closing. For Earl Rd, The Westernmost 50'x300' of the parcel will be subdivided as a private easement for the existing homes. See photos for reference. Parcels can be subdivided into smaller parcels if Buyer prefers. The fence will be moved to the back of the property prior to closing. To access the property, enter through drive and go around the house. Property is to the North and East of the current house at the same address.
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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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$1,800 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017