22571 County Road 49
About This Property
The property is fenced with a barn/shop that could be used with shelter for horses/farm animals(zoned agriculture, perfect for hobby farm up to 4 horses allowed). There is 70Amp 220 single phase service to the shop with a partial concrete floor. Full size 14 foot doors on both the east and west sides with a separate man door on the south side by the driveway. Water spigot and hitching post at the southeast side. The west facing backyard is fully fenced with trees and bushes, a large deck attached to the home and has a functioning sprinkler system. There is a separate fenced area with a water spigot, a partially fenced dog run and a fully fenced dog run or chicken coop with electricity as well as a garden shed and the 1000 gallon owned propane tank.
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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