3635 BUSSARD ROAD
About This Property
As you pull up to this home with ample off-street parking, you immediately can envision spending time on the covered front porch taking in the lovely pastoral views and sunsets. Step inside and you will find many original features such as the gorgeous original heart pine floors throughout the home and chestnut woodwork, doors, trim and banister. The living room and dining room are perfect for your everyday life and family gatherings. The vintage kitchen awaits your personal touch and provides access to an upper-level rear balcony that overlooks the babbling brook and lush backyard. Perfect location for morning coffee, quaint lunches, private dinners, or a refreshing beverage. A fire pit will provide warmth on those cool days and chilly evenings, or for cooking melted marshmallow-chocolate filled grahams "Smores".
On the upper level there are 3-bedrooms and a full bath. A walk-up staircase leads to a floored attic that provides extra storage space and could possibly be finished to increase living space.
There are two heat sources in this home. There is electric baseboard heat throughout the first and second floors. The concrete floored basement features an EPA certified 100,000 BTU wood stove (2020) with a full stainless steel liner (2017). The walkout basement also includes a washer, dryer, toilet, sink, and a shower stall.
A bonus to this wonderful home is the fabulous oversized 2-car garage with full-size staircase to a floored upper level. Garage basement features additional storage with a separate access from the rear yard. Off Street parking for 6+.
Recent upgrades include refinished heart pine floors (2020), roof on garage (2018), energy efficient vinyl double hung windows (2021), well replaced (2007), water softener (2018), and French Drain installed in front of house (2018).
Home being sold as is with a home warranty. NOTE: Acreage is .66 Tax Record Incorrect. See plat in Documents.
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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