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6699 Sheridan Road
About This Property
Here is your chance to own a piece of history. You have to see this unique home to believe it. It was once a barracks and comes with its own historical site number, #7. Information from the American Homesteading Foundation shows the home was placed on this site in 1948. Except for plumbing and electrical in 2003, a new roof in 2007 and a few other renovations, this home is is as close to its original state. Take note of the Barracks number to the left of the front door. It has 1 full bath and 2 half bathrooms. It's hard to believe, this home sits on a half acre of property.
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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%.
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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.
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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.
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About Melbourne Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017