485 Jess Lamb Road
About This Property
As you come up the driveway lined with towering pines, you'll feel a world away from the hustle and bustle. Your peaceful retreat awaits. Step inside to an inviting open floor plan, filled with natural light from large windows that frame your private forest views. The kitchen offers ample cabinet storage, while the convenient laundry/mudroom is tucked to the side. Down the hall, you'll find two comfortable bedrooms ready to be personalized. A patio perfect for entertaining or enjoying your morning coffee while enjoying nature. The detached garage offers plenty of space for parking, storage, or a workshop. You have room to garden, raise animals, or create the homestead of your dreams. This is more than a home-it's an opportunity to embrace privacy, and the beauty of nature.
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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