24 New Road
About This Property
Upstairs, you'll find an open and inviting floor plan with a warm kitchen, dining room, and living room that flow seamlessly together-perfect for everyday living or entertaining. Two upstairs bedrooms each feature their own ensuite bathrooms, providing comfort and privacy.
The first level offers incredible versatility with a 2-car garage, a laundry space with sink, abundant storage, a full bathroom, and a bonus room with an unfinished bathroom attached-ideal for a potential guest suite, office, or bedroom.
But the real showstopper is the 1,500 sq. ft. unfinished addition already equipped with electricity and plumbing. With endless possibilities, this space could be transformed into a spacious workshop, accessory apartment, additional living quarters, or anything your imagination envisions.
All of this comes with a stellar location-just minutes from Route 9W, with quick access to Newburgh, the Poughkeepsie train station, New Paltz, and all the natural beauty, dining, and culture the Hudson Valley has to offer. The oversized driveway allows for parking your cars, RV's, boats, or trailers.
Don't miss the opportunity to bring your vision to life at 24 New Road!
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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