12 Beechmont Road
About This Property
Lake Carmel that is close to town, lake (with lake rights) train, recreation and stores yet have your privacy. This home comes with an additional two story building set up as a workshop currently being used as artist studio. Why rent when you can own your own home in the country and have that private space to work. a/o 10/20
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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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