6640 Missile Avenue
About This Property
Agriculture Rural Residential Zoning. Allows many agricultural uses. Property to be sold in As Is condition. Needs some fix up but is livable. Needs skirting around the bottom. The roof is good, new roof about 6 years ago. Great price for a home on two acres. Very private and secluded. No HOA. sits on two acres of tree filled property. ARR Zoning allows for all agricultural pursuits, including packing and processing, sales of commodities raised on the property. Fowl raising and beekeeping. Plant nurseries. Raising and grazing animals. With a small amount of fix up you will have a very nice, private home.
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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