8209 EDISON ROAD
About This Property
What makes this opportunity even more exciting? This parcel sits right next door to a charming single-family home at 8211 Edison Rd, also on a 1-acre lot, which is currently for sale! The sellers are motivated and would love to sell both properties together, making this a fantastic chance to own two side-by-side acres-perfect for extended families, multi-generational living, or those looking for additional space to expand.
Enjoy the peace and quiet of country living while still being within easy reach of shopping, dining, and major roadways. Don't miss out on this rare opportunity-call today for more details!
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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