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14624 HILLTOP ROAD
About This Property
A wraparound front porch welcomes you to the home. Inside, you'll find wood flooring, exposed wood beams, and wood accents throughout. The dining room features American Chestnut walls and ceilings, wood flooring, and gas fireplace. The living room showcases massive timber beams, wood flooring, and a stone gas fireplace.
The kitchen features Corian countertops, vinyl flooring, a gas stove, garbage compactor, hidden dishwasher, and a concealed breakfast refrigerator. The original kitchen area remains intact and includes an additional refrigerator, sink, pantry space, and wood flooring.
The home offers six bedrooms, three full baths, an enclosed porch, laundry area, sewing room, storage space, and a large bonus room that provides flexibility for a craft room, studio, recreation room, home office, or additional bedroom.
The detached two-car garage is equipped with heating and includes a second-floor storage or workspace area. Additional features include a crawl space with standing-room height, a 50-year roof approximately 15–20 years old, and a combination of electric baseboard heat and mini-split systems.
Offering a blend of craftsmanship, character, and flexible living space, this property presents a unique opportunity in a mountain setting near historic Fort Ritchie. Property is being sold AS-IS.
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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