1377 Stage Run Trl
About This Property
In an effort to preserve the home's original lust and charm, the owners have taken great care in thoughtfully refinishing all of the wood doors, trim, and beams. Additionally, the exterior interior brick features been left untouched, proudly showcasing the rustic look and feel that this unique home has to offer. Lender partner of listing agent is offering a 1% rate buy-down (1/0) on this listing.
Major mechanical improvements have been made such as all new windows, new AC, new hardwood floors, new electric service and more.
The main-level features a contemporary layout, with a large great-room (dining/living combo) that shares a double-sided fireplace with the kitchen. The kitchen includes quartz counters, stainless appliances, and white cabinetry. Both upstairs bedrooms have walk-in closets. The master has it's on private access to the deck. Downstairs you will find a large family room with a wood-burning stove, two bedrooms, a full bathroom, and larger sliders providing waling out to the lower-level patio. Natural vegetation with tall grasses, rich soil, shrubs and trees sprawl across rolling hills throughout the 9.55 acre lot. Just 4.5 miles from Elizebeth for shopping, dining and conveniences.
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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