1831 CREMEN RD
About This Property
Upstairs, the primary suite includes an en suite bath and glass doors to an incredible covered deck with retractable screening. The second bedroom with deck access, another full bath, laundry, and access to the conditioned attic space completes the bedroom level.
Outside, the 1/4-acre lot features a rebuilt bulkhead, parking pad, shed for water toys and equipment, and landscaping with native trees and shrubs. Buyer will also receive permit-ready plans for pre-approved two-story garage and new driveway, along with preliminary plans for future private dock. Exterior is creatively done with trex trim inlay in front to match porch, cover front porch with recessed lighting. Hardie plank siding done in three different patterns for custom look to the house. All trim done with BORAL synthetic boards. All materials on exterior are rot proof and warrantied for 50 years, along with 35 year architectural shingles on roof, conditioned full height attic space with all plywood flooring, new high efficiency heat pump and whole house furnace located in the attic for easy accessibility.
1831 Cremen Road offers tranquil living in Rockwood Beach. Enjoy community water privileges, supreme convenience to local marinas and restaurants, and an easy stroll to the fishing pier, boat ramp, and picnic facilities at Fort Smallwood Park. This is a must-tour to fully appreciate all the care and thought put into the home. It's one-of-a-kind.
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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