241981 CO RD 121
About This Property
ADORABLE COUNTRY COTTAGE! Enjoy coffee swinging from the large screened in front porch with updated wood parquet style tile flooring! In the country but less than 10miles from local A rated schools, park, shopping and dining. Less than 20miles from the town of Callahan. Over a half acre of cleared land with a detached two car carport measuring 20 x 30. Upgrades include AC 2018, Roof 7 yrs old, Updated electrical panel to 200 Amp replumbed 2020. Closets in primary suite give option to create an additional bath. Don't miss out, come see this property today!
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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