14751 ADDISON WAY
About This Property
The 2.72 acre lot gently slopes to the west and provides wonderful landscaped views highlighted by a westerly located conservation area to ensure future generations enjoy the property as well. You will appreciate the historic smokehouse which is another interesting feature. The huge modern garage will accommodate 3-4 cars and features two offices or storage areas. It's sure to delight home hobbyists or car enthusiasts. Bring your own imagination! This building also features a second level guest or living quarters complete with full bath and laundry facilities. Friends and guests can enjoy privacy and views from their second level balcony. An additional garage and storage building is also a highlight along with a whimsical playhouse for those whose inner child is looking for a place to dream. A piece of Americana history combined with modern marvels and great schools is an irresistible offering. The spectacular features of this one of a kind home will help "justify" your decision to make Justifiable Farm part of your family history. A rare opportunity indeed!
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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