207 N Parkwood Road
About This Property
Vaulted ceilings create an open, airy feel throughout the main living area, while the completely remodeled kitchen serves as the centerpiece of the home with updated finishes, modern functionality, and ample space for gathering with family and friends. The primary suite is conveniently located on the main floor, providing privacy and ease of access.
Designed for both entertaining and everyday living, the home features two overs living spaces--one on the main level and another downstairs--each complete with its own fireplace, creating comfortable gathering areas for every season. Whether hosting guests, creating separate family spaces, or simply enjoying a quiet evening by the fire, the layout offers exceptional versatility.
Step outside onto the deck and take in the cool Payson mornings and peaceful evenings beneath the tall pines. The fenced backyard provides privacy and room for pets, gardening, or outdoor entertaining, while a detached heated and cooled bonus space offers endless possibilities as a home office, studio, hobby room, workout area, or guest retreat.
An oversized garage adds even more functionality with ample room for vehicles, storage, recreational equipment, and workshop space.
Combining a remodeled kitchen, multiple living areas, flexible bonus space, and a prime Payson location, this home offers a rare opportunity to enjoy mountain living with the space and versatility to fit a variety of lifestyles.
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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