Make your airbnb dreams come true here or bring the ENTIRE family!
Sitting on 32.6 acres with an approximately 5 acre private lake and
view of World Famous Lake Fork in the distance. Property features 3
homes, 2 of the homes are currently rented monthly, large shop
building, several storage buildings and carports, room to keep all
your important stuff under cover and out of the weather! One home
has 3 bedrooms, 2000+ sqft with 2 bathrooms, carport and currently
rented monthly. Another home has 4 bedrooms, 2 bathrooms and is
2,700+ sqft, carport, an RV cover and a storage building, also
currently rented monthly. The 3rd home is occupied by the owners
and has 2 bedrooms, 2 bathrooms, 1,900+ sqft, carport, small
workshop area, storage building, covered patio and a covered
outdoor kitchen! Each home has its own septic system, and all homes
share a deep water well. There is also an additional septic system
with water and electric hookups for an RV. Property is located at
the end of the county road, deer and wildlife everywhere. This
property has been owned by the same family for many years and is
ready for you to make great memories here and share it with all
your family! Or make this an income producing property and use all
3 homes as daily rentals and let this property pay for itself. And
don't forget the stocked approximately 5 acre private lake! You
could catch dinner for the entire family here! Bring your best
offer, these opportunities do not come along often! Buyer to verify
any and all information.
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.
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