330 Cindy Drive
About This Property
Stalls with fans, mats, corner hay/grain feeders. Barn includes large storage area, 5 covered grooming bays, 3 outdoor wash stalls, tack room and 1 riders lounge with full bath! Ceiling fans. Farm is complete with a treadmill bldg. (28'x40') with 2 hook ups, 1 viewing pergola, covered arena (80'x120'), outdoor all weather arena (130'x260'), lounging pen, 4 paddocks (70'x72') plenty of jumps for a 12 course.
Price reflects a monthly seasonal rate for barn.
3 month 3 horse min Manure removal Power for treadmills & arena irrigation NOT INCLUDED
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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.
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About Palm Beach-Little Ranches East
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017