4212 LYNHURST ROAD
About This Property
Enjoy serene waterfront living on a nearly mile-wide stretch of river with good depth-no flood insurance required thanks to excellent elevation! This charming home features a private (nearly 100-ft) wide pier with water and electricity, two boat lifts (one operational), and a durable concrete bulkhead with drains. Located on a quiet dead-end street with RC20 conservation zoning across the way, this property combines privacy, charm, and waterfront lifestyle. There is ample parking and the fenced yard includes a pool, three sheds, a carport, and a detached two-car garage with wood stove and electric. Inside, the main level offers a spacious living room with a wood stove, a dining room that flows into the kitchen, two bedrooms, and a full bath. A three-season room with cathedral ceiling showcases unobstructed water views, while the covered porch provides a welcoming entry. Upstairs, you'll find a large bedroom overlooking the water and a walk-in attic for additional storage. The lower level has another bathroom, laundry, wood stove and plenty of extra space. Measurements approximate-buyer to verify.
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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