47717 Nfs 540 2
About This Property
While resting in that hammock, enjoy the babbling sound of the artesian spring splashing into the "fish pond" (great for keeping your catch fresh and lively until the grill is ready). The spring feed can also be valved off; the better to "hear" the silence of the forest, broken only by the evening hoot-owl concert. Underneath the cabin is a rack for the Grumman canoe (also included) and a steel cabinet for securing paddles, tools and large items like an outboard motor or trolling motor, if desired.
Creekside, we find two docks, bracketing a deep whirlpool, where largemouth bass are frequently found. And down by the canoe launch is the boat shed, complete with motorized lift.
The parking area is accessed by a U-drive with two gates, adjacent to a covered woodshed which is large enough for a cargo trailer in addition to the firewood racks and the Gravely walk-behind mower (included). The large stand-alone outdoor grill is built from brick and lined with firebrick, and roofed in case of a sudden rain shower.
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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 |
|---|---|---|---|
| Feb 21, 2023 | Sold | ||
| Sold | |||
| Jan 31, 2023 | Listed by CLOUD 9 REAL ESTATE GROUP | $350,000 | |
| Listed by CLOUD 9 REAL ESTATE GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017