3240 STRATTON Boulevard
About This Property
Parcel : 3240 Stratton Blvd. 6.98 acres. This lot has an older mobile home with NO real Value. It also has a structure in back with electric & water, & well and septic connected. Potential apartment, living space, office, ''she shed'', or ''man cave''. Pond on this parcel!
Parcel : 3290 Stratton Blvd. 1.39 acres. Lot has an existing concrete slab with well and septic. In addition, an older horse stable which needs TLC. Currently the lots are section fenced. The owner had horses in the past and used to train horses. Sellers will entertain separating the parcels!
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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