761 LEMON BLUFF ROAD
About This Property
-200 AMP Power Service. Upgraded transformer and temporary power pole already in place. -Well and water treatment installed. -There is an 88'x44' pole barn with upgraded posts, beams, and metal roofing. -This pole barn is plumbed for water and has plenty of power...Full RV hook-up as well. -70 truck loads of dirt added to raise the lower level of land and shed the water to the rear pond. -Land bridge installed across the back pond in order to gain full access to the back acreage. -Beautiful winding asphalt millings driveway that leads to the barn and homesite. -A 40' wide driveway entrance and new culvert pipes for drainage installed. -Two ponds on the property. -Elevation survey already complete.
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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