1237 County Road 118
About This Property
This unique property includes a main house and a rental house.(The rental home is being re-sided and not pictured in the MLS photos) The main house is bright and open and has received a fresh coat of paint and is move-in ready.
This is one of the best values in Elizabeth with 40 acres that can be easily transformed to your needs and earn tremendous equity in a short amount of time.
Please stop by our Open House over the weekend to say hello to the BEST VALUE in Elizabeth.
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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