13223 Memorial Road
About This Property
Inside, the open-concept layout features stunning stone flooring throughout, an oversized laundry room, spacious pantry, and a functional floorplan designed for both comfort and entertaining. The primary suite includes a walk-in shower, while the second full bathroom offers a tub/shower combo. An additional half bath is conveniently located on the enclosed back porch with easy access from outdoor activities and the nearby pond area.
Outdoors, you'll find mature fruit and pecan trees along with multiple outbuildings including a barn with electric and water, dedicated feed room, storage building, and water spigots located on two sides of the home. Property is serviced by a 365 ft water well.
Furniture is negotiable, making this property truly move-in ready. Additional configurations of acreage may also be available.
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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