15840 A E MULLINIX ROAD
About This Property
This all-brick rancher offers over 3,300 finished square feet with 4 bedrooms and 3 full baths, including a finished lower level with walkout access and plenty of additional living space. The main level features a traditional layout with spacious living and dining areas, hardwood flooring under existing carpet, and a wood-burning fireplace.
The kitchen offers granite countertops and stainless steel appliances, with great potential for someone looking to update and customize to their style. All bedrooms are generously sized, and the home includes a large attic for additional storage.
Outside, you'll find a covered porch, a large barn with electric and water, and a flat, usable yard that backs to a peaceful setting. The oversized 2-car garage includes a convenient half bath.
Major updates include a 200 amp electrical upgrade in 2017, solar panels installed in 2017, a roof replaced in 2017, and a Buderus oil heating system (2010), giving the next owner a strong mechanical starting point.
This home is clean and well maintained but offers an opportunity for updates, making it ideal for a buyer looking to build equity and create something truly their own. It's priced to sell!
Call today for details or your private showing! **Offers are due on Sunday 4/19 at 5pm** **The solar panels are OWNED and not leased. The average BGE bill for the last 12 months was $10 monthly and a check from the solar company would arrive monthy at an average of $45 monthly based on their electric usage**
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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