1930 Kilpatrick ROAD
About This Property
Two additional structures were added to enhance the property's versatility: a 30X60 structure with two 12X12 drive-through doors and 10X10 roll-up door with 2 large driveways, and a 30X30 structure with a 10X30 lean-to complete with spray foam insulation, offering additional possibilities, such as a mother-in-law suite or a home office. This upgraded home seamlessly blends modern functionality with recent enhancements, boasting practical features such as an electrical panel upgrade, a custom front fence with a remote control gate added in 2023, city water hook-up with replaced plumbing, a roof replacement in 2013, and a fresh coat of paint on both the exterior and interior.
Outdoor amenities include an outdoor patio with a sink added 7 years ago and a pergola (2020) that adds a touch of elegance to the landscape. Other exterior features include a fire pit (2020), fruit trees planted in 2020-mango, orange, lemon, lime, and pineapple, and a dedicated trash area. Experience the best of both worlds – rural tranquility and urban convenience on this expansive canvas.
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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%.
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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.
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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.
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About Nokomis
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Currently no similar homes aroundNearby Rentals
$2,600 /mo
- 2 Beds
- 2 Baths
- 1,000 ft²
$2,600 /mo
- 3 Beds
- 2 Baths
- 1,387 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017