4115 HALL BOREE Road
About This Property
includes a lovely home, a modern and comfortable garage apartment, and an impressive workshop with storage. The lushly wooded surroundings include well-crafted multi-level deck system leading to the water, with a porch area perfect for enjoying the small fountain and waterfall. This property has a total of 150 feet on Navigable Black Creek. Zoned for horses, though some of the site is sloping.
The shop area is enormous, with one room set up with wall to wall cabinets. The homeowner had a small sawmill and the shop has racks for the lumber. There is a double door 10 feet high that would work for storing boat and/or small camper if reconverted to a garage.
The garage apartment is modern and spacious with good size family room, kitchen and separate master bedroom. It has a small screened porch at the entrance. It is an upstairs apartment.
Besides the above mentioned storage shop, there is a 2 car garage on this 3/2 bath home.
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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