268 Lake Drive
About This Property
Situated at the end of a peaceful one-way road, this residence offers a quick 10-minute drive to the Peekskill Metro-North Train Station (60 mins to GCT) and a 9-minute drive to downtown Peekskill's Restaurant Row.
Built in 1947 and fully modernized in 2006, this home enjoys low taxes on the Putnam-Westchester line, with a walking distance entry into Westchester. Additional features include, 200 plus gallon PROPANE tank with a 12-zone independent heating system, 7 hardwired smoke detectors, and 5 rooms pre-wired for cable.
With convenient drive times to NYC (56 mins), White Plains, NY (40 mins), Greenwich, CT (45 mins), Danbury, CT (45 mins). This property seamlessly blends peaceful living with accessibility. Don't miss the chance to make this distinctive retreat your own. Limited viewing opportunities, so book your tours now...
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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.
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About Putnam
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017