2030 Knotty Pine Road
About This Property
•Flexible layout: Sunroom, formal dining room, and living room.
This 1950s bungalow-style home offers endless potential with some TLC. While it currently has window AC units and could benefit from updates, it's been a vacation home that the sellers loved and enjoyed for many years. It's charm and spacious grounds make it ideal for an investment property or vacation retreat.Don't miss this opportunity to own a slice of tranquility in a growing area!
Seller requests cash only, no wholesalers, plea
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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