3495 COUNTY ROAD 215
About This Property
Large shady lot, pool with sun deck, open garage and carport, extra large workshop with plenty of storage, covered deck for entertaining, fire ring, and fenced yard to keep in the pets. Plenty of room for your RV, boat, or trailer. You'll love the spacious kitchen with walk-in pantry and lots of cabinets and counter space . Master suite has walk-in closet with soaking tub and separate shower. Extra room could be an office, crafts, or playroom. New flooring and fresh paint – this house is ready to move in. New AC and pool were installed 2 years ago. House is on a paved road.
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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