3036 Pine Lake Street
About This Property
Calling all Land-Lovers , Survivalist , and any anyone whom loves the outdoors and natural private scenery. Located off of a private road , and tucked away , sits a 1999-double wide manufactured home on over 5acres with a 2stall Barn building.
The home boasts 3/4Bedrooms , 2.5Bathrooms with utilities and functional mechanicals. Some new flooring and a full interior paintjob can go along way as the home will need cosmetic TLC. Barn has separate electrical panel and meter. The home heats with a geothermal forced air system. Great spot to add solar power. Home is priced accordingly and extends an opportunity for the next owner to gain sweat equity from the tremendous potential this property has to offer. Call today for more detail !!
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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