511 5TH Street
About This Property
only a 15-minute drive from the parks and boat ramps of the beautiful St. Johns River and Crescent Lake. The Lake George conservation area offers trails for hiking, biking and horseback riding and is only 30 minutes away. Seller has several properties available in the area, as for a list! Still NO IMPACT FEES in Putnum County, which could save you up to $15,000 in development costs on your new home compared to counties like St Johns with really high impact fees,, this is a huge reason to buy your land in Putnum County. (Impact fees are one time fees required to pay the government when building a home for the first time on raw land ON RAW LAND
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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