2828 County Road 615
About This Property
The property features three pastures, complete with cross fences and a back fence, providing an excellent setup for livestock. A 40 x 60 barn with a concrete floor offers substantial storage or workspace, perfect for equestrian needs or other projects. Nestled in the heart of the countryside, you'll enjoy serene landscapes, fresh air, and the tranquility of nature, all while being just moments from 99/Parkway and 1960.
The location is ideal for development, with new home construction already underway on 1960. Whether you're looking to create your own private oasis or invest in a rapidly growing area, this property offers the perfect blend of rural charm and urban convenience.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2024 | Listed by Keller Williams Memorial | $1,200,000 | |
| Listed by Keller Williams Memorial | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017