138 Schofield Road
About This Property
•HVAC system,
•Generac generator,
•Vinyl windows and newer doors
•Large eat in Kitchen with wood cabinets,
•ADT alarm system transferable.
The property includes a barn, 6 stables, two feed rooms, and a small outbuilding that could be converted into an office or additional guest space. The land is fenced; however, the seller cannot confirm the current condition of the fencing.
Known items needing attention include a leak beneath the shower drain and soft spots in the subfloor due to shower leak and possible termite damage. The home is currently under a termite bond.
With a renovation loan, this property offers excellent potential to be restored into a long‑term legacy home with equity.
House has an alarm and audio video monitored.
NO SURVEY
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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