767 Pineland Trail
About This Property
https://drive.google.com/file/d/18GSi0cqUiRZA-arBvaDfTUzfpUjqcQuw/view?usp=share_link
Beautiful piece of land with tons of possibilities. This property currently has a very nice 3/2 mobile home that could be lived in while building your dream home, or you could keep it as is and update to your liking. With 5 acres of land your options are endless. Currently the land is broken up into a few segments. The front of the property houses the mobile home, a small pond with walking bridge, large yard, and a Metal Shed big enough for all your tools and toys. The middle and back segments are set up for boarding horses which is currently being rented out to local horse owners. The land is mostly cleared out with just a few tree lines which provide a great amount of privacy while offering lots of open space. Let your imagination (and horses!) run wild. Highway Billboard currently offers over $1,300 in annual revenue. The horse stable does have power
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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