2380 McKelvey Rd
About This Property
Inside the cottage, you're welcomed by an expansive living area anchored by a stone-surround wood-burning fireplace, creating a warm and inviting gathering space. The kitchen features stainless appliances and butcher block countertops, offering both function and charm. A dedicated laundry room and a cozy dining area with a wood stove add to the home's thoughtful layout.
Outdoors, the acreage provides room to roam, garden, or simply enjoy the quiet of the woods. There is a walking trail that leads you to the lake. With its blend of character, comfort, and extra living space, this woodland cottage is a rare find with endless possibilities.
*There is a tiny home located on the property that will be moved.
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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 |
|---|---|---|---|
| May 5, 2026 | Listed by The Dwight Price Group Realty Executives Associates | $385,000 | |
| Listed by The Dwight Price Group Realty Executives Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017