8579 Big Pine Road
About This Property
Inside, hand-hewn log walls and exposed beamed ceilings carry through an open main level where the living room, kitchen, and dining area share one connected space, with windows on several sides looking out to the forest. The kitchen has granite counters, wood cabinetry, a window over the sink, and stainless appliances including a microwave, oven, dishwasher, and refrigerator. The dining area has room for a full-size table. Also on the main level is a full bath with a clawfoot tub and laundry, and the washer and dryer convey.
A wood staircase leads to the upper level, which holds both bedrooms, a full bath with a tiled walk-in shower and granite vanity, and a bonus room suited to an office, studio, or hobby space. Vaulted ceilings, skylights, and gable-end windows keep the upstairs bright, and there is a walk-in closet.
Outside, covered front and side porches open directly to the woods, picnic areas are set among the trees, and a barn provides room for equipment, tools, or projects. Whether you use it as a short-term rental or your personal hunting lodge, nearly 48 acres give you room to explore, garden, or simply enjoy the privacy of a wooded mountain setting.
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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