8805 Mudlake Road
About This Property
The home offers a top of the line water treatment system, a security system, new flooring throughout the majority of the home and a new panel box/breakers has just been installed. Theres an additional ''Florida room'' that could become whatever you choose with a few changes. And everyone will be thrilled with the HUGE game room! If walls could talk, you would hear all the memories that were made around a pool table here, as well as crowds watching sports around the big screen TV and loads of fun and games. In the past, this huge game room had some plumbing updates in the SW corner of the room with plans of adding a third bathroom. It was never completed but the plumbing is apparently there and ready. This huge game room boasts of a corner fireplace as well. The home also offers a front porch for coffee, iced tea or just relaxing. Enjoy a carport that leads into the game room as well as additional uncovered concrete parking. There's also a chain link dog pen, sheds, metal pole barn, and a custom chicken coop. All you need to add is the kiddos, the chickens and the four legged friends, of all kinds! And get ready to make your own personal changes to make this home exactly what you want it to be!
An allowance will be considered for a new mini-split heating and air system in the huge game room and also for a new built-in oven.
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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