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122 DRAYTON ISLAND ROAD
About This Property
River-facing sliding doors fill the open great room with natural light and connect the living area to the porches, while a remote-controlled propane gas fireplace provides a welcoming focal point. The spacious kitchen features hand-selected granite countertops, Bosch appliances, abundant cabinetry with pullouts and a walk-in pantry. French doors open from the primary suite to the rear porch. The primary suite also includes a large walk-in closet and a bath with a double vanity and custom-tiled walk-in shower. The guest bedroom is served by a separate full bath with a walk-in shower. The upstairs laundry room features a full-size Maytag washer and dryer, shelving and a utility sink.
A weather-protected interior staircase leads to a first-floor mudroom with half bath, utility sink, second refrigerator and storage. Additional features include a spray-insulated walkable attic and generous covered ground-level outdoor space for relaxing, entertaining and enjoying the riverfront setting.
Waterfront amenities include a private dock with covered boat slip, remote-controlled 5,000-pound boat lift, dedicated 60-amp electrical subpanel, water service and a concrete seawall. Underground electric service extends to the property and serves both parcels. A generator connection with interlock breaker, included 6,250-watt gasoline-powered portable generator and 30-amp RV electrical receptacle provide added flexibility.
Enjoy the natural beauty, privacy and outdoor recreation opportunities of this unique island community. Accessible by private boat or twice-weekly vehicle ferry service, this Drayton Island property offers expansive river views, abundant wildlife and a peaceful escape from the ordinary.
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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