1905 Mcentire Road
About This Property
The land is mostly level with mature trees and is bordered by the meandering creek. The elevated one-bedroom cottage offers added protection and features an open-concept den/kitchen with large windows, storage loft, generous laundry/utility room, and expansive decking, including a large covered porch overlooking a park-like landscape.
Equestrian amenities include a shedrow-style, three-stall barn with water, electric, a tack/feed room, attached paddock, and multiple fenced pastures designed for rotational grazing. Beside the barn sits a separate studio/she-shed with its own bathroom and built-in bunk beds-ideal for guests, a grooming/tack space, or a quiet creative retreat. The barn and studio are on their own electric meter, separate from the main house. Several additional outbuildings and sheds provide storage. The furniture is negotiable!
Wildlife is abundant, with regular deer sightings and the occasional turkeys. Fox hunters will appreciate the exceptional location: you can hack out to several Green Creek Hounds fixtures, with the nearest just 0.2 miles away. The setting is quiet, neighborly, and now served by Spectrum internet.
While much of the land lies within the 100-year floodplain, significant flooding is rare.
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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