16217 County Road 1586 Road
About This Property
Designed for both relaxing and entertaining, the outdoor space truly feels like an extension of the home. Enjoy evenings around the fire pit, summer days in the above-ground saltwater pool with a deck, and a fenced backyard for gatherings.
For those dreaming of a space to grow, this property is ready to fit your lifestyle. The 1400 sq ft barn includes an office, an extra room, storage, and seven stalls offering endless possibilities for animals or projects. Hobbyists and craftsmen will also appreciate the well-insulated 30X40 shop building. Several lean-tos and the 24X24 garage with front and back carports provide even more room for equipment, tools and recreational vehicles.
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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