3541 54th Street
About This Property
A few of the unique features of the primary home include teak wood floors/hickory kitchen cabinets/granite countertops/brand new Geothermal system/pet washing station in mud room/built in gas grill for stained and stamped patio.....cont. ......3 zone climate control/heated primary bathroom floor/double laundry hook-up on main floor/lower-level laundry/hidden playroom under stairs.
Along with the main home, one of the two out-buildings include a fully functional and move-in-ready, 1200sqft living quarters complete with 2 beds, 1 bath and laundry. The lower level of this 36x68 cinder block structure includes 14' ceilings, 3 stalls for all your storage needs with a 12' overhead door, 2-10' overhead doors and comes equipped with overhead radiant heat.
The second outbuilding on the property is a recently updated, one-of-a-kind space that boasts over 2800sqft of heated area. This structure is complete with office space and laundry with bathroom. Whether you want to run a business, have a hobby farm or wood shop, this barn can do it all!
Along with these mentioned structures, this property also features 5 smaller structures for other animals such as cattle, rabbits or chickens. The six fenced in pastures also create a ready-made scenario for cattle, sheep or even horses. A second well on the property provides plenty of water resources for the surrounding structures to make homesteading or farming uncomplicated.
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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