1422 Milton Road
About This Property
The second home is equally impressive w/ 2 beds, 1.5 baths, cathedral ceilings & a gourmet kitchen w/ another oversized pantry & marble countertops. EZE Breeze system screen porch offers the perfect spot to unwind. Both homes sit on a private 6.73-acre lot, featuring a custom-built fire pit area.
Equestrians will love the barn, which includes climate-controlled tack/feed room, hot/cold wash area, 3 stalls, courtyard, hay barn & two fenced paddocks. There's even untouched land to build possible arena & nearby options for riding/training.
Detached 3-car garage has a climate-controlled room above that could be utilized anything your heart desires!
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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