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221 Droms Road
About This Property
This well-maintained home offers a peaceful setting with incredible access to recreation at Indian Meadows- just down the street. Enjoy baseball fields, tennis and pickleball courts, football games, and open park space just steps from your backyard.
The home offers three spacious bedrooms and 1.5 bathrooms with a layout that works well for everyday living. Off the dining room, step onto your private deck overlooking the backyard, patio, and incredible pool- perfect for entertaining.
Inside, the first floor features beautiful hardwood floors with custom ceramic tile inlays- unique craftsmanship you rarely see today. Crown molding, updated windows, and natural light throughout create a warm, welcoming feel.
Imagine winter evenings by the wood-burning fireplace insert on the main level, or enjoying the cozy warmth of the wood stove in the finished walkout basement. The walkout provides additional finished living space along with plenty of room for storage, laundry, or a home office.
Convenience is another major plus, with grocery stores, restaurants, and everyday shopping just minutes away in downtown Glenville.
Homes offering this combination of privacy, recreation, and convenience are hard to find. Schedule your private showing today!
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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