7686 County Road 21
About This Property
Located on the second level is a fully equipped Airbnb/guest house/in-law suite with kitchenette, full bathroom, and a private bedroom-providing a steady income of approximately $3,000/month and close to 80% occupancy rate. This 900 sq feet of finished space/guest suite in the barn is NOT included in the House Square footage. The zoning also allows for a 2nd residence to be added if desired
The property also offers these impressive additional features:
A lush 5,000 square-foot lawn with automatic irrigation.
An extensive 1700 feet of 3-rail cedar fencing, with no-climb wire added in 2022, ideal for all types of livestock.
Three pastures, each with water and electrical service for stock tank heaters.
A 12x24 animal run-in shelter with a tack room, electrical service, and a concrete floor.
A 300+ plant, individually irrigated lavender field, paired with an additional flower field-both fully equipped with irrigation systems.
A 10-tree apple orchard and 2 almond trees for the perfect farm-to-table experience.
A spacious kids' outdoor play area, perfect for family enjoyment.
A custom 1,300 square-foot chicken/duck coop with spray foam insulation, windows, and ventilation
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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