4380 3rd Street
About This Property
The laundry room has a laundry tub, lots of cabinets and washer/dryer hookups. Exit to the garage from Laundry room.
RV Hookup on North side of the home for your RV or Living-Quarters Horse Trailer.
Hurricane Shutters for the home are in garage.
The roomy Master Suite has a double-door entry, master bath has glass-doored shower, air jet tub, private toilet area, and a door to the back porch (could be used a 'pool bath').
There is a 10x20 storage shed near the house that will stay. The shed is 15 years old and has a loft and shelves.
The Barn could have many other uses; hobbyist, car buff, game room and more. The feed room (12x12) and tack room (10x20) in the barn are under Air with a Split A/C.
The Barn has concrete pillars with cement board siding over a wood frame and a metal roof. The office/tack room has tongue and groove pine walls and pine handmade shelves and 11-foot ceilings. The Barn aisleway is 12 feet wide. Barn has a nice metal roof. The round pen outside the barn has a spotlight for night work.
An older wooden barn is in the pasture and is currently being used as a 'run-in' for shade/protection for horses turned out in pastures. It has 3 roomy stalls.
Two Wells - There's an artesian irrigation well in the pasture, and the other well services the house and barn.
The septic tank was pumped in 2023.
The garage has a hurricane-rated door and a side-entry door.
Many Beautiful Oak Trees adorn 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017