5151 CISCO Drive W
About This Property
The property features approximately 2.5 acres of fenced in pasture for horses or cows, a large pond in the pasture and horse stalls with a wash rack. A large shop/garage comes in handy for all your projects and an extra shed for storage. Shop is approximately 26x60ft with an additional 2 car carport on it. Front and back yard fenced in for the pups.
Perhaps the most unique feature of the property is the extra septic and electric behind the shop.
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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