9 Central Avenue
About This Property
9 Central Avenue offers a blank canvas to renovate to your liking in the highly desirable area of Sackett Lake. The house has deeded rights to a community beach and Sackett Lake which is a 124-acre motorboat lake. It offers great fishing, swimming and boating, and in the winter, ice-fishing & ice skating.
Located on a quiet, corner lot, the house offers 725sf with two bedrooms and one bathroom. The renovation has already been started, with demolition completed and a new roof installed. The house has a good layout with spacious rooms and a large sunroom. There is a nice-sized yard and a detached one-car garage.
This house is a member of Sackett Lake Homeowner's Association which offers its members a private lakefront area (less than 0.2 miles from the house) with a beach and a boat dock for only $300 per year. Camp Adas Bnos Vien is 0.1 miles away and the Sackett Lake JCC is 0.2 miles away.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017