8191 Cole Road
About This Property
A long paved driveway welcomes you to the property, accented by stone pillars at the road and charming split-rail fencing. In addition to the scenic pond, the property includes a 2,500 sq. ft. Morton building featuring three 9'x9' doors and one 14'x14' door-ideal for RV storage-along with a second-floor loft and durable epoxy flooring.
All utilities are conveniently available onsite, including public water, a 200-amp electrical service (panel undamaged), a 4-bedroom septic system, and a natural gas well providing free gas to the property. A natural gas backup generator is also in place.
In June of last year, the previous home was lost to fire. The site has since been professionally cleared, leaving behind the original foundation and a majestic stone fireplace and chimney. The foundation has been properly capped and heated to preserve its structural integrity, and an engineer has certified its condition for peace of mind.
Estimates indicate the value of the existing infrastructure and improvements substantially exceeds the list price. Certification letters and permits are available upon request.
Don't miss the chance to create something extraordinary in a truly special setting.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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