2085 MALLARD Road
About This Property
Adorable bungalow with tons of charm on gorgeous property 'horse ready ''. Newly painted. Updated plumbing and electric. On demand water heater. Original wood flooring in most rooms. 8 x 28 screened porch is just perfect for enjoying the beauty all around. This property is ideal for the horse lover who wants privacy but be within a short drive to shopping, restaurants and medical facilities. This is a 5 acre parcel with 1.5 acres at the front deemed jurisdictional conservation. The 48 x 24 barn has 3 12 x 12 stalls with removable partitions. A pond and other fenced areas are ready for the farm life. The property is fenced and gated. There is a fire lane right behind that leads directly to Jennings forest only 3 lots away.
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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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jul 12, 2024 | In contract | - | |
| In contract | |||
| Jul 4, 2024 | Listed by WATSON REALTY CORP | $264,900 | |
| Listed by WATSON REALTY CORP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017