162 FLEET ROAD
About This Property
lots of historical significane.....Robert E. Lee's mansion is located in Westmoreland County which is a large tourist attraction with many activities throughout the year. George Washington and James Monroe's Birthplace are located right off of route 3, there are picnic areas and even more beautiful beaches! For people who love recreation such as riding horses, Belle-Isle State Park is a fantastic tourist site! It is located in Lancaster County and offers 7 miles of shoreline along the Rappahanock River with a huge variety of activities such as canoe and kayak rentals, camping and a fishing pier. The town of Kilmarnock has Compass which is a multi-million dollar entertainment facility with a movie theatre that has luxurious seating, go-karts, games, dining and make sure you try out the batting cages and rock wall!
Home boasts of European Architecture and features exposed wooden beams. The fireplace has a gas log insert which offers a pleasant ambiance on days with cooler temperatures. So just imagine a warm fire while watching the snow fall in the winter or having hot chocolate after a chilly fall day.
Only ten years ago, the addition was added and it has only been 5 years since that side of the home had central air conditioning installed. Anderson windows and doors have been put in throughout this home. The master bedroom has "his and her" closets and windows that offer a great view! The waterdepth at the end of the pier at low tide is at least 5 feet deep which it is always encouraged for a buyer to verify. This home is in a golf cart friendly community and offers beaches in two different areas. One area has a super large white sandy beach and is located near the nature trail while the other white sandy beach is less than a mile from this home. Schedule your showing while this home is still fully available.
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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%.
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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