13003 SAWPIT Road
About This Property
The residence currently on site offers six bedrooms, three full bathrooms, and generous living space. Two bedrooms are nonconforming w/o closets, providing flexibility for guest rooms, offices, or bonus spaces. A large dining area flows into the kitchen, which is equipped with a double oven and updated appliances. The front of the home opens to a newly built deck (2026) featuring both open & screened-in spaces, perfect for enjoying coastal breezes & marsh views. Additionally, there is a new above-ground swimming pool with deck & awning (2025). Equestrian features include a functional six-stall horse barn with paddock, while additional improvements support a wide range of lifestyle needs. The property includes a covered carport suitable for a camper or farm equipment, a detached two-car garage with office or workshop space (2023) and is fully fenced and security gated (2025) for privacy and peace of mind. The property has undergone numerous system and infrastructure upgrades, including a new roof (2025), septic system (2023), artesian well (2023), barn (2023), HVAC (2024), and whole house generator (2025), with many additional improvements also completed. With extensive infrastructure already in place and ample acreage, the property also presents a compelling opportunity for those envisioning a future custom coastal estate in a highly desirable setting. Whether you choose to enjoy the property as a fully improved equestrian retreat or envision transforming this rare waterfront acreage into a custom luxury estate, opportunities like this - offering size, views, infrastructure, and flexibility - are increasingly hard to find.
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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