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29 Parsons Lane
About This Property
Surrounded by nature, this property offers the rare combination of usable acreage and convenient access to the Middletown area. The home includes a kitchen, laundry area, unfinished basement, private well, septic system, oil heating, and ample parking. *Whether you're searching for a peaceful residence, a renovation project, or an investment opportunity, 29 Parsons Lane offers tremendous potential. The property is being sold **as-is**, presents a unique chance to bring your vision to life and the pictures have been virtually staged.
**Property Highlights:**
• 4 Bedrooms
• 1 Full Bathroom
• Approx. 1,140 Sq. Ft.
• Approx. 6.4 Acres with an additional 4.6 acres offered it sits at 11 acres total for the property.
• Ranch-style home
• Unfinished basement
• Private well & septic
• Oil heat
• Quiet setting with acreage
• Sold as-is.
**Schedule your showing today and explore the potential of this property.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017