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3035 Culpepper Lane
About This Property
Step inside to find a welcoming layout featuring newer LVP flooring in portions of the home, a covered screened-in porch ideal for year-round relaxation, and a bright sunroom added to the back. Practical updates include a new 50-gallon water heater and a 7-year-old A/C system. The home also features a durable metal roof for low-maintenance peace of mind.
Outside, the possibilities expand. Multiple sheds, a detached garage, and an additional structure ready for use as a workshop or conversion into extra living space give you room to grow. Fruiting trees--including citrus, figs, and more--dot the property, alongside established gardening areas and a cozy fire pit. Water has already been run to multiple locations with convenient spigots, making outdoor projects and plant care simple.
Whether you're seeking a peaceful homestead, outdoor recreation at your doorstep, or space for hobbies and gardening, this property delivers. Fully fenced for privacy and security, it's ready for your next chapter.
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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