42583 Waters Road
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 |
|---|---|---|---|
| Jan 23, 2025 | Sold | ||
| Sold | |||
| Jan 11, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2024 | Listed by RE/MAX Universal | $1,195,000 | |
| Listed by RE/MAX Universal | |||
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Experience the serenity of 20 lush, unrestricted acres featuring two stocked ponds and magnificent oak trees. Gated access and fenced on all sides. The fully remodeled home, updated in 2017, boasts luxurious touches such as leathered granite countertops, KitchenAid stainless steel appliances, and stunning hardwood flooring. The kitchen and bathrooms are equipped with soft-close cabinets and marble countertops, while the bedrooms are adorned with plush carpeting. The kitchen is a chef's dream with a built-in pantry, wine drawers, and a reclaimed wood countertop. In addition, the property features a versatile 30x40 metal insulated building/barn, constructed in 2018, which includes an air-conditioned craft room. This space is perfect for storage, a garage, separate quarters, or a combination of all three. The roof is only three years old, ensuring peace of mind for years to come. From the barn step out to covered open storage for your tractor, ATVs and more! Perfect for a second home too!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017