7119 STATE ROAD 33
About This Property
The land includes a beautifully renovated double-wide mobile home currently occupied by a tenant, providing immediate rental income. Please note that the mobile home does not have a vehicle tag and cannot be financed; it can either remain as an active investment or be completely removed by the seller prior to closing. Positioned with excellent visibility and access, the acreage transitions beautifully from cleared, usable high-and-dry land to a small, picturesque patch of wooded wetlands at the very rear. Whether you dream of building a custom estate, launching a business, establishing a church, or bringing your horses and RVs, this unique property is ready to accommodate your vision.
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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