45029 KILPATRICK Road
About This Property
Enhancing the appeal of this property is a spacious 48x40 insulated metal building, equipped with its own 200 amp service, perfect for a workshop, hobby space, or additional storage. The building also features two generous 14x48 overhangs, providing further versatility for outdoor activities or equipment protection.
Enjoy the serenity and wide-open spaces this property has to offer while still being within reach of local amenities. This property truly combines modern comforts with rustic charm, making it an ideal setting for your next home. Don't miss out on this unique opportunity!
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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