1381 OTIS Road
About This Property
" boot scoot boogie " was performed during one of the countless karaoke get downs. The 4th of July parties on this property centered in and around this Pavillion are things of legend. Just past the Pavillion is an oversized RV/Pad Pole Barn. This building was thoughtfully erected high enough to be able to easily convert to an enclosed barn for the possibility of adding horses to this beautiful property. The parcel behind this building extends back several more acres and is more than ready for whatever your heart desires. This truly unique property is the last home on the right side of Otis Road North before you get to the City owned enormous park featuring The Jacksonville-Baldwin Rail Trail. An easement road separates the two parcels allowing you to easily access the back acreage of your property. The address is formally Jacksonville, but as you look around and take in all on offer from this country estate it doesn't seem possible that there is a stunning 6.47 acre tract of land with all I have just described on it, this close to I -10 and all of the areas quickly accessible from that road, but it is! We look forward to answering all of your questions and hope you will take time to come visit and see all that awaits you here at 1381 Otis Road.
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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