7802 SE Canaan Way
About This Property
Step onto the expansive front porch, perfect for leisurely mornings or evening gatherings, and let the gentle sounds of nature welcome you home. Inside, the high wood beam ceilings and rich wood floors lend a warm, inviting feel to every room. The charm of French doors and old-world wood shutters is featured in every room, inviting natural light to each indoor living space. Spanning nearly 2.5 acres and backing to the 11,000 acres of Jonathan Dickinson State Park, the property offers ample space and privacy.
While the home exudes charm, there are areas in need of maintenance, presenting a wonderful opportunity to customize and restore this gem to its full potential.
Adjacent to the main home, a delightful guest house offers privacy and comfort for visitors. A detached art studio/music room provides an inspiring space for creativity and reflection. The main home and guest house are thoughtfully separated by an oversized in-ground pool, perfect for cooling off during warm tropical days and ideal for entertaining under the stars.
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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