187 County Road 640
About This Property
This custom-built mobile home was built in 2017 by Stoney Creek Cabins, this charming retreat offers a cozy and inviting atmosphere that will make you feel right at home. The mobile home still has wheels attached to the chassis and is tied down on a concrete slab. The construction boasts 2x6 framing with extra insulation, perfect for those chilly winter months. Step inside and be greeted by beautiful hardwood floors that flow seamlessly throughout the space, creating a timeless elegance throughout. Kitchen is equipped with all full-size stainless steel appliances, pantry & custom-built island w/ reclaimed oak. The lower bedroom has a queen bed & the loft has antique furniture & a king-size bed. The double french doors with blinds in the glass open up to make the living area and screened porch w/ Trex decking one & is furnished w/ a glass-top table & chairs so you can enjoy cool breezes from the lake just across the street. The cabin also has an on-demand hot water heater. All the windows have blinds and the front door has the blinds in the glass. It is truly a lovely welcoming space with wood interior walls and cathedral windows. Outside is a paved area with a fire pit and chairs to enjoy a campfire. The property also comes with an 8x12 shed. This would be an excellent getaway for you or as long or short-term rental opportunity (rental history is available), or the cabin can be sold and moved off the 1/4 acre lot to build the home of your dreams. No HOA!!
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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