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39084 CHAPTICO ROAD
About This Property
Enjoy the best of both worlds with this unique property situated on just over an acre and backing to approximately 118 acres of farmland. Offering privacy, open views, and exceptional versatility, the property features two separate detached dwellings, creating opportunities for a variety of living arrangements.
The main residence offers comfortable one-level living with three bedrooms, one-and-a-half baths, a charming country kitchen, hardwood floors, and a spacious family room with a cozy fireplace. Adding to the home's appeal, the solar panel system is owned outright and conveys with the property, providing the benefit of solar energy without a lease.
A second detached dwelling offers even more possibilities, featuring two bedrooms, one full bath, a separate electric meter, and secure storage. Whether you're looking for additional space for extended family, guests, a home office, or potential rental income, this separate residence offers valuable flexibility, subject to applicable requirements.
Outside, enjoy the peaceful setting and expansive farmland views that create a wonderful sense of privacy and connection to the countryside. With two detached dwellings, owned solar panels, and over an acre of land, this property offers a distinctive combination of space, independence, and opportunity-all while remaining conveniently close to everyday amenities.
Bring your vision and discover the possibilities of this one-of-a-kind property!
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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