5561 Highway 393
About This Property
The oversized covered back porch and additional side porches create incredible outdoor living space, perfect for entertaining, enjoying family gatherings, or simply soaking in the quiet country setting. The property has been beautifully maintained and features a fenced backyard area, offering both functionality and comfort.
A large enclosed workshop with double doors and roll-up access provides incredible flexibility for hobbies, storage, vehicles, boats, equipment, or a future dream workspace. With ample room to expand and grow, this property offers so much potential for those seeking space, privacy, and versatility.
Conveniently located just off Highway 393, you'll enjoy the peaceful feel of country living while still being within easy reach of nearby conveniences. Whether you're looking for a private homestead, a place for all your toys and projects, or simply a unique property full of character, this one truly stands out.
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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