1326 W RIVER RD
About This Property
Just in time for Summer! Why vacation when you can Stay-Cation? This Pinterest perfect oasis on the West River is the "Something Special" you've been waiting for. Large pier with an 8,000lb electric lift, 9ft deep Gunite in ground pool and Water views to enjoy 365 days a year. Catch the sunsets along with fresh seafood just a few steps from your back door. The detached garage has been transformed into the ultimate pool house/tiki lounge. With finished living area, bar and a Mitsubishi split system it is the perfect hang out spot. The upstairs loft hosted so many cool memories, fitting 4 twin sized beds. (The garage can still park vehicles, they kept the bay doors) Everywhere you look, you see upgrades. From the sprawling hardwood floors, to the white plantation shutters on the windows, it's turn key ready. The 1st floor bedroom and full bathroom are perfect for guests or main level living. The large kitchen island with built in wine fridge makes hosting a breeze. New Samsung Stainless steel appliances (2021) are just awaiting your next dinner party. Heavy duty water filtration system to include a UV light & reverse osmosis system. Note the clear sight lines to the formal dining area with plenty of seating options for a large crowd if needed. The shiplap covered fireplace provides the relaxing space in the living room with barreled ceilings. You'll love how the free flowing floor plan allows easy access from indoor to outdoor living. As you head towards the wall of windows, you'll find to the most amazing screened in Sunroom. Looking up, you'll love the skylights and cathedral ceiling. Fully screened in and a paver patio floor, it's the most exceptional place to spend quality time with friends. Imagine grilling out between boating, soaking in the hot tub of floating the day away in the pool. Storage is no issue here with floor to ceiling cabinets and organizers in the farm style mud room. Moving upstairs, you're welcomed with three generious sized rooms. The Owners suite has a renovated attached bath with custom tile and sleek fixtures. Sip your morning coffee from your private balcony overlooking the West River. This house feels like home from the minute you walk inside.
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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