516 County Rd 424
About This Property
-Recently constructed (2016) 1,500sqft barndominium
-Currently one bedroom and one bathroom
-Garage storage is insulated and climate controlled and could easily be converted to additional bedroom space(s).
-Beautiful rustic finishes
-Large rear porch that can also serve as covered vehicle parking
Orchard
-Approximately 12ac of Wichita and 8ac of Cheyenne varieties
-Watered by drip irrigation, water is acquired through the Proctor Lake Irrigation Authority with an allotment of 1 ac-ft of water per acre of orchard.
-Annual soil aeration and applications of nitrogen and zinc. A balanced fertilizer blend is soil applied every two years.
-Hedging program of tree canopy to maximize pecan quality.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 26, 2022 | Sold | ||
| Sold | |||
| Jul 18, 2022 | Listed by Keller Williams, LLC | $450,000 | |
| Listed by Keller Williams, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017