1896 Old Route 22
About This Property
Fully updated 3-bedroom, 2-bath brick ranch sitting on almost a full acre with no HOA and no city taxes. This home has been refreshed top to bottom with a brand new roof (2024) on both the home and detached building, new windows with a lifetime transferable warranty, fresh interior paint throughout, new carpet, new blinds, and updated cabinetry in the kitchen and both bathrooms. Kitchen features a stainless steel appliance package including refrigerator, new countertops, and an eat-in layout with a kitchen island. Cozy den with masonry fireplace and direct access to a huge wrap-around screened porch, perfect for enjoying the private fenced backyard. HVAC and laminate flooring updated in 2019. Laundry room with added cabinetry for extra storage. Outside you'll find a detached 20x20 barn/workshop with electricity and a double carport, plus a 220v outlet perfect for EV charging, a dryer, generator, and more. Convenient to I-95 and local shopping. Country living with easy access to everything. Sump pump installed. Septic pumped and inspected (2024), permitted for 3 bedrooms.
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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