16 Springstead Drive
About This Property
Every inch of this amazing property has been updated/upgraded & loved by these owners for the last 16 years. If nature and self-reliance is what you crave, this hidden-away renovated and beautiful 3 bedroom raised ranch home with a 12' x 18' deck overlooking 2 acres of manicured lawn awaits the next chapter of your life. You will find high end touches such as unique Columbian cedar wood throughout this special home. The master bedroom offers a custom built in closet system, industrial farmhouse lighting with remote control & a Columbian cedar headboard. Located on a private road and surrounded by 30 acres of landlocked woods, with right of way present, privacy and the sheer beauty of nature will soothe your soul. Self-reliant amenities include a 14,000kw Generac automatic generator and a massive 24 panel roof-lined solar panel system. Need room for all your outdoor toys? No problem with the 12' x 24' custom Amish-built shed. Also at your disposal on this nature-filled serene property is an additional 12' x 24' custom Amish-shed/kennel located in a shaded area. The lower-level family room provides for a spacious gathering location where oversized sliding doors transport you to a second gorgeous outside entertaining or relaxation area with layered walls on each side for planting your favorite flowers, herbs or fruits and vegetables. Minutes from NYC commuting lots and shopping, this oasis will provide relaxation at any time. Some of the updates include: 1/06 windows, 8/06 kitchen, roof, h/w floors redone, furnace, well pump, sanitizing & water conditioning system, doors(front/rear/side), bath, 8/10 sliding glass door, 9/12 shed, 7/13 siding, insulation, sheathing, auto gen, electric updated, 4/13 shed, 4/14 solar panels, 4/15 basement windows, 5/15 shed, 8/18 family rm, 8/18 patio deck & walls, 7/19 outside covered storage area, 5/20 office floor, electric fireplace insert & glass downstairs door & 10/21 well pressure tank. Additional Information: Amenities:Storage,HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Attached,
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017