225 Rye ROAD E
About This Property
This property boasts a 5-bedroom, 2 bath home with numerous updates. Recently painted throughout, new kitchen cabinets/countertops (2019), roof (2018), hot water heater (2016), hurricane windows (2015), hurricane garage door arriving soon, and Halo UV air purifier just to name a few. Located near a variety of shopping and dining while still rural, this home strikes the perfect balance of convenience and seclusion. Prepare to fall in love with the open kitchen with eat in dining area that provides stainless steel appliances and an ample amount of cabinetry perfect for storing all your culinary needs. The large kitchen island provides additional counter and storage space. With the plethora of bedrooms, you can bring your creativity and transform some rooms into a workout room, an office, a playroom or even a movie room! Attached 2 car garage with epoxy floor and 1 car detached garage with work bench, provides ample storage for all of your toys. Making your way outside, you soon realize this home still has so much more to offer. The screened in lanai houses the beautiful pebble tec, chlorine free pool with spa which can be controlled from your phone, (2018), dining area and full bar complete with electric, perfect for outdoor cooking and watching your favorite game. This charming backyard scene is completed with a patio and firepit overlooking your very own stocked pond. Rowboats definitely allowed! Last but not least, for the animal lovers a 4 stall, wood floor, horse barn with tack room, electricity, fans, automatic waterers, wash pad and lighted round pen. This home is brimming with personality, countless opportunities, for homeowners, developers or both and is just waiting for you to experience!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 16, 2021 | Sold | ||
| Sold | |||
| Aug 5, 2021 | No longer available | - | |
| No longer available | |||
| Jul 13, 2021 | Listed by PREFERRED SHORE | $949,000 | |
| Listed by PREFERRED SHORE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017