2661 DOTSONS RIDGE ROAD
About This Property
Upstairs, the private primary suite offers a beautifully renovated en-suite bath, creating a relaxing retreat at the end of the day. Two additional bedrooms and an updated full hall bath complete the upper level. Just a few steps down, the comfortable family room is anchored by a cozy fireplace and provides direct access to the side yard, seamlessly connecting indoor and outdoor living. An updated laundry room and convenient powder room complete this level. The finished lower level offers a spacious recreation room, ideal for a media room, game room, fitness area, or flexible living space.
Outside, the property continues to impress with a deck, patio, secure storage area, attached two-car garage, and an above-ground pool, all surrounded by the privacy and space of a beautifully maintained 1.14-acre lot. Combining modern updates, comfortable living spaces, and a desirable setting, this home is ready for its next owners to enjoy.
Recent improvements provide added value and peace of mind, including new washer and dryer and ceramic tile flooring on two levels in 2024, new windows and a renovated hall bath in 2023, and a new roof along with an HVAC motor replacement in 2021. Additional updates include a refrigerator in 2020, range in 2019, dishwasher in 2018, renovated primary bath and driveway paving in 2017, and a garage door replacement in 2015. The kitchen was renovated with granite countertops and the HVAC system was installed in 2011, and a whole-house humidifier was added to enhance year-round comfort.
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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