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2925 MCGEE ROAD
About This Property
The main home features four bedrooms, two bathrooms, a brick wood-burning fireplace, and updated flooring and interior paint. Connected to the main home, the in-law apartment also offers a private entrance from the driveway. Inside, you'll find a kitchen, bedroom, bathroom, and living room with a large brick fireplace and wood-paneled ceiling, along with a small flex space for storage.
Improvements include a roof replaced in 2022 and A/C in 2019. Updates completed in 2026 include the water heater, well equipment, pool filter and equipment, flooring, interior paint, and pool resurfacing. The air-injection oxidizing filtration system was also refurbished in 2025.
The property is zoned AS-1 (Agricultural Single-Family) and is USDA eligible.
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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