1043 HALF ACRE ROAD
About This Property
Located at the end of a quiet cul-de-sac, this charming 2-bedroom, 1-bath home offers an incredible investment opportunity. Situated on nearly a half-acre lot, the property is fully fenced, ensuring privacy and security. The home features laminate flooring throughout, and the spacious kitchen boasts plenty of counter space and cabinetry, perfect for meal prep and storage.
Step outside to a covered, screened-in patio that leads to a concrete pad-ideal for grilling or outdoor dining. The large, open backyard provides endless possibilities, whether you want to create a peaceful garden retreat, build a firepit, or expand your outdoor living space. Mature trees surround the property, adding to the privacy and tranquility, making it the perfect place to unwind.
The carport offers convenient parking, while the quiet location provides a sense of seclusion, yet is just minutes from local amenities. With its combination of space, privacy, and potential, this property is a fantastic opportunity for investors or homeowners looking to make their mark.
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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