92 Mesa Verde Way
About This Property
The property comes with a domestic well, so you can water your horses and irrigate your garden. You'll also find a brand new septic being installed! Inside, the beautifully remodeled home features an open, flowing floor plan with newer flooring throughout, a newer roof, newer windows, and a tankless water heater. A cozy wood-burning stove keeps things warm on snowy days.
The main floor has two comfortable bedrooms and a fully remodeled bathroom, while the lower level offers an additional bedroom, office (or fourth non-conforming bedroom), and a bathroom with a walk-in shower. This is the one if you're looking for space, updates, and unbeatable views!
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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