7421 Wild Cat Knob Road
About This Property
Function meets efficiency with an engineered slap with piers, spray foam insulation, variable speed Trane HVAC, and a 2019 water well, keeping utilities low and comfort high year-round. The elegant primary suite includes a freestanding tub, walk in shower, and double vanities, with secondary bedrooms tucked thoughtfully away for privacy. Outside, the land offers room to spread out, work, or play. The 30x30 metal workshop is equipped with water and electricity and sits on a concrete pad with space for projects, equipment, or hobbies. The property also includes an animal shelter with water and electricity and an attached 60x60 pen-ideal for livestock, 4H and FFA projects, horses, or small ag operations. A seasonal pond attracts wildlife and enhances the natural setting.
If you're seeking the freedom of country living with the benefit of land, an Ag Exemption, private well, workshop and modern farmhouse finishes, this property checks all the boxes. This one won't last long!
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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