29563 Valley Stream Rd
About This Property
The property itself offers outstanding versatility with room to grow, create, and enjoy the outdoors. Electrical has already been run to the dedicated RV area, making it ready for RV use or future hookups, along with ample space for trailers, boats, or other recreational vehicles. A large driveway provides plenty of parking for multiple vehicles and guests. Gardeners and homesteading enthusiasts will appreciate the existing greenhouse for year-round growing, along with 20 mature fruit trees on a slow-drip irrigation system for efficient watering. The expansive grounds provide room to build a shop, barn, ADU, or additional structures, with additional space for future workshops, equipment storage, or expansion. Surrounded by wide-open views, dark night skies, and a natural setting filled with birds and local wildlife, the property offers a quiet, peaceful environment away from city noise. With abundant space for outdoor entertaining, gardening, gatherings, or simply enjoying the serene surroundings, this property presents a rare opportunity for those seeking both comfort and lifestyle flexibility.
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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