1472 LONG BAY Road
About This Property
Country living on cleared lot with concrete slab where mobile home was previously. Property has Utility/Electric Pole on site, septic system & well, 2 car garage & sheds, asphalt driveway.
Perfect place for a homestead. Ready for you to plan and to build your dream home. Close to Schools and town.
Drive by and take a look. Please set up showings though ShowingTime with Hold Harmless Waiver before showings will be approved. Zoned AR -Agricultural Residential. No HOA or CDD There are gopher turtles burrowing on the land so be careful when walking the site. Seller has never occupied the property and has no knowledge of the condition of the septic or well.
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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.
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About Clay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017