371 Ottos Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2020 | Sold | ||
| Sold | |||
| Jul 31, 2020 | Listed by Newland Real Estate, Inc. | $1,199,000 | |
| Listed by Newland Real Estate, Inc. | |||
| Jul 13, 2017 | Listed | $699,900 | |
| Listed | |||
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Beautifully improved horse property with cabin offers a private ±25 acre setting and an abundance of character. 1st class equestrian facilities include a show barn with wrap around overhangs, 8 stalls with runs, waterers, wash rack, feed & tack rooms, full bath & a lounge. There’s also a round pen, 6-horse walker and cross-fenced pastures with waterers & loafing sheds. Built in 1998, there is an attractive 2BR 2BA cabin, which can be expanded or there are several other spots around the property to add a 2nd home. Located off of Lone Oak Rd & minutes to a state park & boat launch on Lake Ray Roberts. This desirable area offers nice custom homes on acreage, rolling terrain, oak trees & sandy loam soil.The manager has listed the unit size as 1080 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017