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110 Lagoon Avenue
About This Property
Sitting on two full lots, the property provides expansive yard space perfect for storing boats or RVs, adding a pool, creating lush gardens, or simply enjoying the privacy of extra land.
A standout feature is the 750 sq. ft. garage, built with serious storage, workshop, or hobby needs in mind. Inside the garage is a full efficiency unit complete with its own private entrance, making it ideal for guests, extended family, or potential rental income. The home has a metal roof to give you years of worry free life.
Whether you're looking for a home with room to grow, space to create, or a property with built-in income potential, 110 Lagoon Ave offers unmatched versatility in a prime location.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017