12888 Piano Meadows Dr
About This Property
Welcome home to your own mountain oasis. A beautiful lot with incredible opportunity.
With a little over 10 acres, you get the joy of this upscale neighborhood but also great privacy in addition to breathtaking views. This lot also shines in the community being that your 10.23 acres is not interrupted, and sits entirely on one side of the road sloping towards the amazing views. Wildlife, mature trees, and this lot is adjacent to open space that won't be developed. This is the perfect lot for your dream home.
There is a well permit (84458-F) though a well has not yet been installed on the property.
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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