8300 MORRISON
About This Property
1st floor: Custom kitchen and pantry with floor to ceiling white pine cabinets provide plenty of storage. Granite counter tops, country sink and breakfeast nook. Wood floors and 10'' molding throughout. Living room, formal dining room, 2 bedrooms and 2 baths, great room looking out to the pasture. Porches the lenght of the front and back to capture the evening breezes. Master suite has its own separate entry.
Master bath has been redone. 2nd floor: kitchen , bath, LR and 1 or 2 bedrooms.
ACERAGE: 5 crossed fenced acres, 16 boarding stable, 4 paddocks, work and rub down area, viewing stand, electric and plumbin
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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