235 Wedemeyer Road
About This Property
Recently fully aesthetically revamped, including fully gutted bathrooms, new floors and pine paneling, the home presents a bright, fresh palette for your Upstate dreams. The first floor includes a sunny living room, spacious dining area, efficient kitchen and fully tiled wet-room style bathroom in addition to a cheerful bedroom. The loft above the kitchen, accessible by built-in ladder, can function as extra sleeping space or a convenient office nook. The upstairs is comprised entirely of the primary suite, including spacious bedroom, full en suite bath, ample closet space and a Juliet balcony.
Other smart renovations include the addition of mini-splits, and brand new appliances. The basement has a washer/dryer hookup and opens into the handy one car garage, an amenity especially appealing during the winter season!
Sharing a border with Cherry Ridge Wild Forest, you'll have easy access to hiking, world-class fishing, and picturesque swimming holes, plus you're just ten minutes from main street Roscoe, NY. Be sure to fuel up at The Junction after a long day outdoors!
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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