902 West Hill Road
About This Property
The existing building area has a driveway that leads to the DRILLED WELL, a septic tank (no leach field as of now) and electric, all complete seclusion from the "outside world". If you prefer to have a wooded tall pine area with views of the valley and NYS Forest lands, there is plenty of space at the "upper" level mature pine wooded area. Great for camping, building your new full or part time home, even a log home, hidden amongst the whispering pines. Walk, snowmobile, ride your horse thru the nearby State Forest and enjoy nature at it's fullest. This near, hill top setting, can be yours for only $48,900.
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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