1217 58th Street
About This Property
A 28x28 pole barn with electric provides excellent storage or workspace. The property also includes a well and septic system; however, condition is unknown. An older mobile home is present on-site and is considered of no value.
Located in the desirable Fennville School District, this property offers endless potential--whether you're looking to build, hunt, or simply enjoy your own private getaway. Call Amanda at to set up a time to walk the property. Buyer to be accompanied by a licensed agent with an appointment. Selling as-is.
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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