30623 Pasco ROAD
About This Property
There is also an additional barn with three oversized garage bays to store your horse trailer, tractor, truck, car, boat, or ATV's. This barn has an office/apartment that was completed in 2021 with living quarters which includes an office/living room, full kitchen with new stainless steel appliances, 1 bedroom, 1 full bath, and a 1/2 bathroom with laundry area. New septic with drain field in 2021, well pump in 2021, automatic gate opener, water run to pastures, and new fencing just to name a few things. There have been many recent improvements to this property, and nothing has been left untouched. If you're looking for wide open spaces to bring your animals, then this is the place for you. The possibilities of this land and location are endless. There are NO DEED RESTRICTIONS, so bring your horse trailer, boat, RV, ATVs, etc. It is ZONED AC & NO FLOOD.
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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