32 Vandewater Drive
About This Property
Bring your vision to life with this thoughtfully designed new construction home set on a spacious 1-acre lot in the Wappingers Central School District. This 3 bed, 2.5 bath home features 9-foot ceilings on the first floor, hardwood flooring throughout the main living areas, a gas fireplace, custom Wolf kitchen cabinetry and granite countertops. Upstairs features a generously sized primary bedroom with walk in closet and ensuite bath, 2 additional bedrooms share a full bath, convenient second floor laundry, plus an unfinished expansive bonus room! Enjoy the convenience of a 2-car garage, 12' x 12' deck, concrete walkway, blacktop driveway, energy-efficient windows and insulation, high-efficiency gas heating and central air conditioning.
Excellent location - easy access to Route 9, shopping, restaurants, schools, and commuter routes!
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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%.
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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 |
|---|---|---|---|
| Aug 20, 2026 | Listed by KW MidHudson | $685,000 | |
| Listed by KW MidHudson | |||
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About Dutchess
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017