38
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125 Reme Road
About This Property
Inside, you'll find approximately 1,820 square feet of living space, including a partially finished basement and a comfortable layout designed for everyday living or weekend escapes. Gather around the freestanding wood stove on chilly mountain evenings, enjoy meals in the dining area, and imagine the possibilities this home has to offer. and the oversized back deck is perfect for sharing a meal, a cool drink or morning coffee.
Major improvements include a metal roof, vinyl siding and updated windows. A water storage tank in the basement provides additional water capacity. Outside, a shed offers extra storage, while the wooded surroundings create a pleasant backdrop throughout the seasons.
While the home would benefit from some interior painting and updating, and the front stoop could use resurfacing, it Appears to have solid bones and provides an excellent canvas for someone looking to add their own style and value. Whether you're searching for a full-time residence, a weekend getaway, or an investment opportunity, this property offers the chance to create something special in the heart of the Catskills.
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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