45
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20 Ely Road
About This Property
Upstairs, the layout adapts to your needs. The generously proportioned, front-to-back primary suite features a large walk-in closet and private full bath. Three additional bedrooms offer flexibility for sleeping quarters, home offices, or creative spaces, complemented by a full hall bath. And there's more to discover downstairs. The expansive, unfinished walkout lower level offers approximately 1,000 square feet of space, with high ceilings, full-size windows, sliding glass doors, and a separate walkout entrance to the backyard. A blank canvas for future improvements, subject to municipal approvals. Step outside to a deck overlooking the spacious backyard, where established fruit and nut trees, including fig, pear, persimmon, and chestnut, add character to the landscape and offer a few delightful discoveries of their own. An attached two-car garage and the convenience of municipal water, sewer and natural gas add to the appeal. All within easy reach of Cortlandt Town Center, Peekskill, and the Hudson River waterfront.
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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%.
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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.
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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.
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About Westchester
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017