561 JILL Road
About This Property
1st home is 1860 sq. ft.3/2, 2nd home is 1560 sq. ft. 3 bed/2 bath, each home is tenant occupied, between the homes is a very usable studio/suite, plus workshop.
This property is an amazing one of a kind mini farm to get out of the city for peace and quiet, YOU''RE GOING TO LOVE IT! excellent school system, shopping, fishing, boating all easy drive. Current Leases on both Units.
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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