17
Map
36 MACKEYS LANE
About This Property
The property currently features a 2-3 bedroom rancher offering a generous 2070 square feet of living space. While the structure is a complete rehab project, it sits on a slab foundation, making stripping it down to the footprint an easy step toward renovation or rebuilding. Maintain the large existing layout or design and build the house of your dreams on this tranquil lot.
Utilities are in place: the home has a 200 amp electric service, and a gas line has already been run (meter removed). Ownership includes all cleared fields along with the wooded area to the right of the home, providing a perfect balance of open space and privacy. A survey is available for review.
Serene, rural, and steeped in tranquility, this location is a perfect spot to invest with a little imagination. As an added bonus, a camper in good condition is included in the sale. Bring your toolbelt and seize this incredible investment opportunity! All certifications, inspections, and repairs are the sole responsibility of the buyer. Don't let a piece of land like this pass you by.
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Cap Rate Calculator
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