27342 Schuyler Gulch Rd
About This Property
Amazing wooded 1.4 acre lot next to the Bucksnort Saloon. Cute mountain cabin with live edge pine siding (extra available for future maintenance) metal roof, large sunroom, large crawlspace with swing doors big enough to hold mountain toys. The water included with the HOA is a connection to the natural spring (for warmer weather use) in Sphinx park - all HOA and water availability information to be confirmed by buyer. Old outhouse on site - good condition. There is also an old shower shed that needs your personal touch! Property is accessed by a shared driveway and very private. Underground electricity is on the property, ready to tap in. There is also a generator shed located near back door with wiring setup for a few lights and outlets. 1.4 acre lot size currently meets County short term rental requirements.
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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