18519 BIG ROAD
About This Property
Inside, the home features a spacious living room filled with natural light and the warmth of original hardwood flooring, which extends throughout much of the home and continues beneath the living room carpet. The inviting eat-in kitchen offers abundant cabinetry, including handcrafted solid wood cabinets built by the original owner, along with ample space for dining and gathering. A dedicated laundry room adds convenience and extra storage, while the recently updated bathroom features new flooring, subflooring, wall finishes, and attractive wood accents. The generously sized primary bedroom and two additional bedrooms provide comfortable accommodations for family and guests.
Outdoor living is a standout feature, with a large rear deck overlooking the expansive backyard and wooded backdrop. Whether you're entertaining, grilling, gardening, or simply enjoying the peaceful surroundings, the outdoor space offers endless possibilities. A hot and cold exterior water hookup adds convenience for washing pets, cleaning equipment, gardening, or outdoor projects. The detached two-car garage is ideal for hobbyists and workshop enthusiasts, featuring two 240-volt outlets capable of powering larger tools and equipment. An additional storage shed provides even more space for lawn equipment and outdoor gear.
With beautiful rural views, mature landscaping, 2.41 acres across two lots, and a combination of thoughtful updates and original craftsmanship, this property is ideal as a primary residence, retirement home, weekend getaway, or investment opportunity.
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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