114 RIVER ROAD
About This Property
Situated on a beautiful .44-acre flat lot, this home offers exceptional outdoor living with a fully fenced backyard, mature trees, and a serene setting that provides both privacy and space-enhanced by a privacy fence for added seclusion. The covered deck is ideal for grilling, entertaining, or simply relaxing during the warm months, while the welcoming front porch adds classic charm and curb appeal. Ample parking and two storage sheds provide convenience and functionality.
Inside, you���ll find stunning luxury vinyl plank flooring flowing throughout the main living areas and an enormous living room filled with natural light. The expansive kitchen features abundant cabinetry, granite countertops, and a well-appointed appliance package, offering both style and practicality. A traditional dining room provides the perfect setting for gatherings and everyday meals.
The updated bathroom boasts stone flooring, a large vanity, and a tub, combining durability with timeless design. Additional recent improvements include a new well (just 6 months old) and a water softener (approximately 1 year old), adding value and peace of mind.
With generous outdoor space, inviting interior finishes, and access to sought-after community amenities, this home delivers the ideal blend of comfort, privacy, and water-oriented living in one of Edgewater's most desirable neighborhoods.
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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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About Selby-on-the-Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017