48222 16th Avenue
About This Property
Full basement could be finished for extra living space. 2 car attached garage. Additional barn with 3 overhead doors, loft area, cement floor insulation and wood stove. Great place to work on your projects, use for storage, and have an upper office or studio. 10 acres with lots of road frontage, that is surrounded by fields and woods.
Seller would like to close after Sept 30th.
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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