4381 Country Road
About This Property
Need space? Want privacy? Well welcome home! Beautiful & Spacious home sits on 2.24 acres of land with huge open yard, and pole barn in back. You can bring your horses! This meticulously kept split plan home includes a brand new metal roof (May 2015) and soaring ceilings for an open and much larger feel! All bathrooms and kitchen are beautifully updated with granite and stainless steel like appliances. Like to entertain? This home includes an AMAZING summer kitchen out back to include a built in gas grill, wine fridge, beverage fridge, and TONS of storage! Tons of privacy and plenty of space for all of your toys! Seller has had city water annexed in for the home as well. You must see this home in person to appreciate all that it has to offer!
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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.
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About Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017