1729 Bunny Creek Road
About This Property
New listing in Corley Estates #2! Enjoy space, convenience, and endless possibilities with this 3-bedroom, 2.5-bath double-wide situated on 4.8 acres. The home also features a large laundry room that could potentially serve as a fourth bedroom, home office, or flexible bonus space. For added peace of mind during Oklahoma storm season, the property also includes an OZ storm shelter.
Located within Eufaula city limits, the property offers a peaceful country atmosphere while keeping you close to town, Lake Eufaula, and approximately one-quarter mile from Eufaula Municipal Airport.
The impressive 40' x 50' spray-foam-insulated shop provides abundant room for a workshop, equipment, inventory, boats, personal watercraft, and all your lake toys. Its size and location could also make it an excellent option for an entrepreneur, contractor, aviation enthusiast, or home-based business. An additional 12' x 16' storage building with built in shelves and a workbench provides even more space.
Whether you are looking for a full-time residence, lake-area getaway, short-term rental opportunity, or a property where you can live and operate your business, this unique acreage deserves a closer look. Business, bedroom, and short-term rental uses are subject to applicable zoning, permitting, and local regulations.
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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