Some places have a way of slowing everything down, and this
charming Lake Peekskill cottage does exactly that. Surrounded by
2.3 acres of lush greenery, it feels wonderfully removed from the
rush of everyday life, with an amount of land that gives this
setting a character all its own. Whether you are searching for a
full-time residence or a weekend getaway, this is the kind of place
where you can exhale, unplug and settle into a quieter pace. The
front porch may quickly become your favorite spot. Bring a swing,
pour your morning coffee and listen to the birds while taking in
the natural surroundings. Step inside and that same sense of warmth
continues in the cozy living room, where a high ceiling and stone
wood-burning fireplace create an inviting first impression. Two
bedrooms and a full bath carry through the cottage's restful
simplicity. The bright eat-in kitchen features stainless steel
appliances and leads into an absolutely delightful dining room,
made even more appealing by two separate exterior doors. One opens
toward the front grounds and the other to the rear, creating an
easy connection between indoors and out. Entertaining can spill
beyond the table, while quiet days might simply mean opening the
doors, wandering the acreage or heading outside with your pup
whenever the mood strikes. A large walk-out basement with its own
entrance provides plenty of storage along with access to the
utilities. The generous driveway accommodates multiple vehicles
with additional room for recreational toys. Recent improvements
include a Generac Generator, well tank approximately one year old,
along with a water tank and boiler both less than two years old.
Lake Peekskill adds another dimension to the lifestyle here, with
opportunities for fishing, canoeing and peaceful walks near the
water. Yet for all the privacy and natural beauty surrounding you,
everyday conveniences remain remarkably close. Schools, shopping,
restaurants, takeout, medical offices, highways and train stations
can all be reached in approximately ten minutes or less, with
several even closer. A little cottage, a remarkable piece of land
and more than two acres to call your own. Come here for the porch,
stay for the peacefulness, and discover just how good life can feel
when nature is right outside your door.
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.
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