20834 Tonawanda Road
About This Property
ONE-OF-A-KIND HOME on 1 Acre! You won't want to miss this unique opportunity. The main residence boasts 3 spacious bedrooms and 1 well-appointed bath, perfect for comfortable living. But that's not all-there's a fully converted 1-bedroom, 1-bath mother-in-law suite, ideal for guest accommodations or as a rental income unit.
The expansive 1-acre property offers a wealth of features including stables and a corral, perfect for horse enthusiasts. Multiple sheds provide ample storage, with one shed thoughtfully converted into a man cave/office complete with air conditioning. Whether you're entertaining or unwinding, the large covered patio and sparkling pool offer the perfect outdoor retreat.
This property is a rare find with endless possibilities, make this where you want to lay your head at night!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 25, 2024 | Sold | ||
| Sold | |||
| Oct 10, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $495,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 22, 2024 | Relisted | $495,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017