3920 Borland Road
About This Property
Do you enjoy woodworking, crafting or just want a he/she-shed? The property boasts a wired workshop, ready for your projects and hobbies. It's a perfect getaway since it's even heated and cooled for your comfort. A delightful chicken coop, complete with chickens, adds a touch of rural charm and the promise of fresh eggs each morning. The heart of the home is the funky industrial-style kitchen, where modern design meets functionality.
Relax in the custom shower, designed with a unique flair that sets this home apart. Step outside to the large deck, an ideal space for entertaining or simply enjoying the quiet surroundings. The parking area is so large, it can accommodate all of your water toys and even an RV. There is a dedicated 30 amp outlet for your camper or boat.
This ranch is more than a home; it's a lifestyle waiting for you to embrace.
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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