Experience luxury coastal living at 425 Main, a double lot,
including 423 Main - offering a rare deep-water dock and
breathtaking panoramic views of the Merrimack River from every
viewpoint. This fully renovated home blends timeless craftsmanship
with modern elegance, featuring a chef's kitchen with granite
countertops, custom appliances, center island, built-in banquette,
and open-concept living with stunning, chestnut hardwood floors,
crown molding, and two stone-detailed gas fireplaces. The primary
suite offers a custom walk-in closet and spa-inspired bath, while
the first level boasts a large family room, private guest space,
wet bar, shiplap accents, and seamless access to outdoor living.
Enjoy a wraparound deck with nautical mahogany and cable railings,
Marquis hot tub, stone patio, oversized attached garage, detached
garage with bonus screened porch, & parking for up to twelve
vehicles. An exceptional waterfront retreat designed for year-round
living & effortless entertainment.
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.
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