33485 MEADOWS Lane
About This Property
An exceptional opportunity to own two beautiful properties totaling 4.53 acres on Meadows Lane in Callahan. Located just off US-301, these stunning parcels offer a peaceful, secluded retreat from the hustle and bustle of city life while still being close to everyday amenities and highly rated schools.
The first parcel (1.23 acres) features a charming country home with a huge workshop, a 10-year-old metal roof, updated electrical and plumbing, and a new hot water heater. Enjoy established vegetable gardens, fire pit and producing chicken coop and beehive --perfect for anyone seeking a homestead lifestyle.
The second parcel (3.04 acres) includes its own driveway, septic, and electric already in place, offering an ideal setup for a future additional home, multigenerational living, or long-term investment to sell as a separate lot in the future.
List Price includes both 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