172 Winter Lane
About This Property
What truly sets this lot apart from anything else on the market? It's ready to go. All major improvements have already been completed: cleared and graded homesite, new well with pump and cover, new 3-bedroom septic system installed, gravel driveway in place, additional grave there for your use, and power in place. A very nice 12x8 outbuilding with metal roof provides additional storage, and the cul-de-sac setting offers added privacy. Enjoy beautiful mountain views while planning your next chapter.
Manufactured homes are permitted, and the lot is ready for immediate construction. Per seller, there are fragrant tea olives, pecan trees, fig bush, and Carolina sapphires planted on the property.
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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