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163 Cannon Street
About This Property
Inside, the home features original hardwood floors, large windows, and a bright, spacious kitchen with natural wood cabinetry and ample counter space heated floors. The flexible layout includes two generously sized bedrooms, a full bath, and multiple living areas that can be tailored to meet a variety of needs. Architectural touches like the octagon window, vaulted ceiling, and period trim add timeless character.
The fenced front yard is ideal for gardening or creating a cozy sitting area, and the deep backyard offers a peaceful, green setting with space for outdoor gatherings or future enhancements.
This property is well-suited for those seeking a manageable space with the opportunity to update and personalize. With solid bones and unique charm, it's ready for a new vision and some TLC. Whether you're a first-time buyer, investor, or someone looking to downsize, this home presents a smart opportunity in a convenient Poughkeepsie location close to shops, schools, and transit.
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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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About Poughkeepsie
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017