15350 91st Terrace N
About This Property
The home itself is equipped with a complete solar panel system, a whole-home reverse osmosis water system, FULL IMPACT windows and doors, and 1,000 gallon propane tank that runs the tankless water heater, dryer, and gas range stove. Not having a water bill and only a minimal electric bill each month is just one of the many benefits of living here! The home also features 4 bedrooms, 3 baths, brand new wood plank tile floor throughout the main living area, and brand new plush carpet in the bedrooms. The guest and cabana baths are both laid with beautiful 24'' black slate title.The kitchen has a bright, mid-century modern design and is equipped with a hooded gas range, stainless steel appliances, and a farmhouse-style sink. Double and triple tray ceilings, plantation shutters, & sun tube skylights are just a few of the additional interior highlights.
Enjoy mornings and evenings out on the huge screened-in back patio overlooking just over 1 acre of property. Tall bamboo plants, fruit trees, and tropical landscaping offer plenty of privacy. The property is also fully fenced in and has 2 chicken coups and several above-ground planters that can be used to grow vegetables. If you are looking for a great space for a workshop or potential guest house conversion there is a very large exterior garage with its own asphalt drive way leading to it.
This is a very rare home that has plenty to offer!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017