7029 S STATE ROAD 121
About This Property
The 1.84 acres is fenced, with a front gate. A man's dream garage/workshop has been added and is a spacious 20 X 30 feet in size. It features a 2 post 9,000 pound lift. It is fully wired, has two 12 foot roll up bay doors and one walk in door. It also has an exhaust fan installed. There's also a concrete block ''She Shed'' with a roof to be used as a greenhouse, or simply used for storage. There is a water softener stored in the ''She Shed''. There is also a large chicken ''house'' as well as a small chicken coop on the property. The large one stays with the 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2024 | Sold | ||
| Sold | |||
| Aug 9, 2024 | In contract | - | |
| In contract | |||
| Jul 21, 2024 | Listed by FRONT PORCH REALTY | $349,000 | |
| Listed by FRONT PORCH REALTY | |||
| Jul 13, 2015 | Sold | ||
| Sold | |||
| Apr 8, 2015 | Listed by A FRONT PORCH REALTY LLC | $29,900 | |
| Listed by A FRONT PORCH REALTY LLC | |||
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This is a lovely ''established'' home site just waiting for your new home or mobile home. It is approx. 2 acres, partially fenced and has a beautiful pond on the property. Posts have been put in place for the start of a covered area and dock. This two acre parcel is a part of the adjoining property to the south. This two acres will be surveyed out before closing. Hard to find a nice lot like this, especially so close to town and on a paved road. Check it out!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017