Your home is your castle, and this Town of Newburgh Contemporary is
just that! Situated on over an acre on a cul-de-sac, this awesome
beauty has a row of fruit trees, stone walls, heated inground pool,
a tiered patio, wrought iron fencing and pool house. Welcoming
entry way features a wall niche and gleaming hardwood floors
throughout. Dine in style under a chandelier with medallion and
chair rails. A coffee bar area separates dining and kitchen. Home
chefs will enjoy stainless steel appliances, center island with
plenty of storage, custom backsplash and overhead lighting.
Breakfast area opens to rear paver patios and fenced pool. The
efficient laundry room has stainless washer and dryer. There is a
half bath and family room on this level. The living room has wood
burning fireplace, decorative columns, custom drapery and recessed
lighting and a quarter-turn staircase and nine windows in the
turret. Upstairs, you will find three large bedrooms and main
bathroom with tub shower. The primary suite has tray ceiling, large
windows, custom drapery, walk-in closet and bathroom with dual
sinks, corner whirlpool, separate shower, linen closet and private
toilet area. The basement is large and dry and includes a cedar
closet. This exceptional home is 6.5 miles from Metro North, close
to I84 and NYS Thruway, Stewart International Airport, recreation,
shopping, schools and restaurants.
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.
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