623 DOCS LANE
About This Property
One of a kind, bringing peace and joy in the outdoors with the mature trees landscaped around, a small archery range set up to practice. This Property is very unique and has a few bits of 1800s history around the 2.05 Acres. A Spring box from 1850 welcomes the front of the property.
This all-brick Rancher with 4 bedrooms 1.5 baths on the main level & 1 potential bedroom and full bath in the fully finished basement is move in ready and awaiting its new owner(s). This home has had many updates over the last few years including a new Trane Hvac system, Shingle roof (5 years), well compressor pump, Bluetooth thermostat, newer flooring & paint throughout and more. Connecting to the chimney are 2 fireplaces and a wood stove ready to heat the entire home. Just needs a liner. To the left of the home you'll find 3 bedrooms 1 full hall bath and a half bath in one of the larger bedrooms. To the right of the house the owners have added the 4th bedroom, which is the width of the home, featuring a wood stove, 2 closets, 2 sliding glass doors to let the fresh air blow in and 2 extra-large windows. The kitchen has extra storage shelving, small built-in pantry & recess lighting. Basement is fully finished and ready to make it whatever your heart desires. A walk back outside you'll find a newer large 2 car metal carport, a 2 car garage with storage underneath (previously used for goats) and feed storage. So much more. You really must walk this property to appreciate. Water filter system, Uv light and the septic was pumped 2 years ago.
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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