281 Snowdrift Road
About This Property
Refer to supplement for additional information. The living room and kitchen have porcelain tile floors, crown molding, and an updated stereo system. The modern kitchen has stainless steel Whirlpool appliances, custom cherry wood cabinetry, self closing drawers, and 3 cm Uba Tuba granite countertops with a tumble stone backsplash. The utility room has the same cherry wood cabinets, a sink, washer/dryer, and pull down stairs to the attic. The spacious attic has igloo cooler-like insulation and always remains about 70 degrees allowing you to store temperature sensitive belongings. The master bedroom has beautiful bamboo wood floors and Hooker furniture. The bedroom also has a 9ft ceiling, recessed lighting, and a walk-in closet. There is currently a divider separating part of the bedroom into office space. The bathroom has a standing travertine tile shower and porcelain tile floor.
Snowdrift Beach is a gated community with private beach access. There are no HOA fees. Voluntary dues of $100 have been paid by seller annually. The concrete construction receives very favorable insurance rates compared to wooden houses on the beach. There is not land like this around here anymore. This is a rare opportunity to build your dream primary residence, second home, or investment property.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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