This beautiful home is the definition of efficiency, and
convenience. The current owners have updated everything they
could think of on this property to make it more efficient,
comfortable, and maintenance free. Located on a private lot
just minutes from Darling Hill, Burke Mountain, the Kingdom Trails,
shopping in Lyndon, and so many more ski areas, lakes, rivers and
ponds you can spend endless days discovering all that Vermont's
Northeast Kingdom has to offer. Updates by the current
owners include a newly paved driveway that extends around the
oversized garage, a new kitchen with granite countertops, custom
spice racks, soft close doors and drawers, a new gas stove in the
living room, an enlarged master bedroom, new mini-splits providing
heat and air for the entire home, a back-up generator large enough
to sustain the entire home, on-demand LP heating system, LED
Lighting, a new Gazebo, a newly finished basement, new flooring ,
new ceilings, new rock wool insulation in the spacious walk-out
basement, radiant heat in the basement, all new appliances, new
frost free exterior plumbing, new storm doors, video surveillance,
and so much more. The main floor offers a bedroom, full bath
with laundry as well as access to the large covered porch
overlooking the valley below and the surrounding mountains and
forest. This property is a rare find in East Burke.
Unit Size
2,933 Ft²
Days on Market
-
Land Size
3.60 acres
Price per sqft
$153
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
-
Payment Calculator (Computations Provided by RealtyHop)
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
Location: From Lyndonville on Route 5, take Route 114 towards East Burke. Turn right on Norrie Rd. Continue to Mohawk Drive on the right. The property is on the right.
Zoning Information: Residential
321 Mohawk Drive
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