7751 Minard Road
About This Property
3-4 BR/2.5 BA home situated on a private secluded acre. Neighbor-less setting but conveniently located, only 7 miles to Meijer. Indulge in the gigantic zen feeling master suite featuring MASSIVE walk-in closet, spacious bathroom w/jetted tub & private balcony to unwind & take in the country views. Large living room with study area. Formal dining w/fireplace. 2 bedrooms, full bath & laundry room/half bath all on the main-level. Partially finished basement served as the 4th bedroom or family room. New garage metal roof, garage doors & water softener. Garage & lean-to was built in 1996 that has running cold water, electrical, insulated & drywall. Fenced backyard & shed. Forced air & wood burner to heat the whole home. Major add-on in 1999 including basement
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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