225 MIRROR LAKE DR
About This Property
Situated in a desirable residential area, this property offers convenient access to Hitchcock's Market (approximately 0.48 miles), Island Doctors (0.52 miles), a local school (0.71 miles), CVS Pharmacy (0.92 miles), INTERLACHEN PHARMACY (1.05 miles), and several parks including Dowda Park (1.39 miles), Lake LaGonda Park (1.43 miles) and additional parks within 1.75 miles.
The lot is located in Flood Zone X, a low-risk area outside the 100-year and 500-year floodplains, with no wetlands present, allowing for full lot utilization without environmental buffers or mitigation requirements. Buyer should verify all zoning, setbacks, utility availability, and development requirements with the Putnam County Planning & Zoning Department as parcel-specific zoning details require direct confirmation.
The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
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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