1258 W RIVER RD
About This Property
Step into the Great Room, where a stunning stone fireplace takes center stage, creating a captivating focal point. The modern open Kitchen, elegant Dining Room, and a convenient half bath complete the main level. With high glass windows adorning the first floor, natural light floods the space, showcasing the dramatic views that surround you. Additionally, a privately located Primary Bedroom and full bath adds a touch of seclusion.
The backyard beckons you to explore your way to the Chesapeake Bay, easily accessible via the 170' plus pier. This impressive pier boasts two full-size boat lifts and two jet ski lifts, catering to your watercraft needs. A sprawling lawn, adorned with majestic oak trees, provides a tranquil retreat during Maryland's balmy nights while offering undisturbed views of the River's beauty. The fully fenced lawn encompasses 240' of waterfront, featuring a bulkhead and ample space for outdoor fun and entertainment. Unwind on the expansive Trex Deck or retreat to the screened Gazebo, relishing the peaceful evenings by the Chesapeake Bay. To further enhance the serenity, nearby Osprey nests add to the harmonious ambiance this home exudes.
Upstairs, privacy is ensured with two separate stairways leading to the four bedrooms. One of these bedrooms can serve as a second primary suite, offering flexibility in accommodations. A second-floor living space on one end provides a generous area for taking in stunning sunsets and indulging in day-long, relaxing bay views.
1258 West River Road is thoughtfully designed with spacious rooms, an open and airy floor plan, and appealing upgrades. Its prime location on a point ensures unparalleled vistas and refreshing breezes, creating the ideal setting for a Chesapeake Bay lifestyle. Whether you seek a cozy retreat, family gatherings, or large-scale entertainment, this home caters to your every need.
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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