1718 Kates Neck, Rt. 657 Road
About This Property
The front of the home features a covered porch perfect to relax and take in the peaceful scenery. The home features floor plan to include: a living room, dining room, and spacious light-filled family room. The kitchen features new granite countertops, new stainless steel appliances, and new soft-close cabinets. New flooring and carpet throughout the home as well. Both bathrooms have been updated with updated light fixtures, vanities, and tilework. The New Garage "Man Cave" features insulation and finish interior with a new Mini-split for heat and air. The backyard showcases a large concrete patio for entertaining. The detached 2-car garage gives ample
storage space, but if you find yourself needing more room. Storage Bldg. includes space for hunting, fishing gear and boating equipment. Plenty of parking for multiple vehicles, (Cars, Trucks, ATV's, RV's and Boats) Seller is offering a HOME WARRANTY AND Seller will consider paying SOME OF BUYERS CLOSING COST! SHOWN BY APPOINTMENT ONLY.
The manager has listed the unit size as 1669 square feet.
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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