186 REID DRIVE
About This Property
The home features three bedrooms including an airy loft-style primary suite, two main-level bedrooms with a full bath, and an open living area with a cozy wood stove, sliding glass doors to a spacious deck, and a bright kitchen with pantry.
Outdoor living includes a fenced yard, large shed, hot tub, fire pit, and multiple parking areas. The elevated setting brings southwest-facing views, brilliant sunsets, abundant winter light, and cool summer breezes. Shenandoah Farms residents enjoy access to private lakes, hiking trails, playgrounds, picnic areas, and several Shenandoah River entry points.
Recent improvements include a fully renovated kitchen, updated electrical and cable, new appliances, and a brand-new roof, making this home move-in ready. Currently a successful short-term rental, it is offered fully furnished for a seamless transition. Please inquire about rental income.
Only 90 minutes from Washington, DC, and minutes from wineries, breweries, orchards, and the historic charm of Front Royal, 186 Reid Drive is both a turnkey investment and an idyllic retreat!
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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