197 BLACK ANGUS DRIVE
About This Property
The impressive cottage style residence offers an inviting open main level living area with a fabulous kitchen, beautiful wood burning fireplace, 3 suites and direct access to an expansive deck with a hot tub that has been built into the deck surface. The lower level offers two additional suites and a relaxing lakeside family room.
Enjoy the fire pit area overlooking the beautiful cove or take a walk on over 3 miles of private roads throughout the community.
A complete listing of all the property upgrades is available in the property document section.
The adjoining property with guest cottage and tennis court may be purchased as a package with the subject or sold separately.
The subject property was considered one of the best spots in Pergin Farm when it was developed by Perry and Virginia Smith approximately 50 years ago. Perry and his wife carefully developed Pergin Farm with a commitment to limiting development and protecting the natural beauty the area offered. The majority of the homesites created are larger than most of the lots created in other sections of the lake. Perry's daughter Randee and her husband Mark have continued protecting Pergin Farm from over development with their responsible stewardship of the remaining lands that they continue to hold.
Not long ago, the Pergin Farm homeowners modified the subdivision to end short term vacation rentals adding to the attraction of the community. More recently high speed internet was brought to the community. The roads within the subdivision have remained private and offer the ideal environment for walking biking or even hiking.
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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