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22 Old Mill Road
About This Property
Overlooking Wappingers Creek this wonderful brick cape has over 3100 sq ft of living space. Wonderful floor plan with large rooms, two kitchens, 2 living rooms one with fireplace, 3 baths plus family room. Possible accessory apartment, tax records include the apartment. Price reflects that it does need work, and is being sold "as-is". Cash preferred. Great find for the investor, handy homebuyer etc. Almost level, park-like property. Separate cabana (no pool includedJacuzzi does not stay ) detached garage. Upstairs is electric heat and no central air conditioning. The reminiscents of beautiful gardens surrounded by rhododendrons and some older perennials are peeping through the overgrowth. This home has so much potential, almost level property, High above the waterway with seasonal water views and the sound of the flowing creek from the deck! Private yet close to stores, restaurants, sports, hospitals, transportation, Walkway over the Hudson, etc! Great location near Vassar Rd and Rte 376.
Large unfinished basement. Audio in use. Old Mill is a town road and the town plows.
SQ ft, taxes, year built approximate.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2025 | Listed by BHHS Hudson Valley Properties | $449,900 | |
| Listed by BHHS Hudson Valley Properties | |||
| Feb 16, 2011 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017