407 Mill Street
About This Property
At the heart of the home is the dramatic circular great room, where a vaulted ceiling and wall of windows frame treetop views that shift with the seasons. A vintage wood-burning fireplace adds warmth and character, while a wide spiral staircase anchors the space. The adjacent primary suite opens directly to the wraparound deck and includes a spacious bath with soaking tub overlooking the lush landscape. Two additional bedrooms and a versatile lounge or game room with floor-to ceiling windows provide plenty of space for hosting guests, with central air ensuring year-round comfort.
The expansive acreage is ideal for lawn games, fireside evenings, or quiet moments surrounded by nature, and an attached two-car garage offers convenience and flexible use. With its combination of mid-century design, vacation rental potential, and Catskills ski-town location-just 2 miles to the village and the Windham Mountain Club-Round Haus Chalet is a unique investment property, weekend escape, or full-time residence. Available fully furnished for an easy, move-in ready transition.
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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