406 NE STATE ROAD 16
About This Property
Enjoy added peace of mind and long-term value with a self-cleaning ionic exchange well system, private septic, and no city water or sewer bills. Exterior upgrades include a drainage system, routed to roadside culverts, gutters, and a utility shed on a concrete slab. A raised garden bed that is ready for planting, and a framed outbuilding (7' high x 17' long x 14' wide) offers endless potential-ideal as a chicken coop, workshop, or storage shed. You don't want to miss this great opportunity for affordable living with space to grow all located minutes from beautiful Kingsley Lake.
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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