3823 RANCHO Road
About This Property
The home features an electric fireplace, providing both warmth and a cozy atmosphere. In addition, there is a shed located in the backyard, offering convenient storage space for various items.
Situated on an almost acre lot, the property provides a spacious outdoor area that affords privacy. This ample lot size offers room for activities and potential additions, and it is mentioned that you can bring your RV or boat, indicating there may be space available for parking or storage of recreational vehicles.
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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