27
Map
4 Jerome Drive
About This Property
Escape to the serenity of lake living in this quaint 2-bedroom, 1-bath ranch-style cottage nestled on a mostly level parcel in the desirable Putnam Lake community of Patterson. Full of charm and potential, this cozy home offers comfortable one-level living and the perfect setting for weekend getaways or year-round enjoyment.
Enjoy access to beautiful Putnam Lake, where residents can take advantage of swimming, boating, fishing, and relaxing lakeside recreation. The level yard provides plenty of space for outdoor entertaining, gardening, or simply enjoying the peaceful surroundings. Located in a welcoming lake community with a rich history as a recreational retreat, Putnam Lake remains one of Patterson's most sought-after neighborhoods.
IMPORTANT- please use PATTERSON in the gps not BREWSTER- home is Brewster post office in the Town of Patterson
Whether you're looking for a starter home, vacation retreat, or downsizing opportunity, this charming cottage offers the perfect blend of simplicity, outdoor enjoyment, and lake community living. Come experience all that Putnam Lake has to offer!
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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