384 Springtown Road
About This Property
The oversized living room leads out to the new trex deck. The wide plank hardwood floors run though out the home,
an updated eat in kitchen offers a large fireplace. The large bedroom has vaulted ceiling and plenty of windows.
A newer heating and cooling system has been installed. Home includes a one car garage. The property leads out to the
Wallkill River, and is located minutes from the village of New Paltz. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Detached,
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017