425 Simpson Place
About This Property
Nestled in the heart of Peekskill, this 3-bedroom, 1-bathroom home is brimming with potential. Whether you're an investor, DIY enthusiast, or first-time homebuyer, this property offers a wonderful canvas for your personal touch. With its solid bones and classic charm, this house awaits your vision to transform it into the home of your dreams.
The spacious living room and dining area provide ample space for entertaining, while the kitchen is ready for modern upgrades to meet today's lifestyle needs. The three well-sized bedrooms offer plenty of natural light and are perfect for family living or a work-from-home setup.
Set on a quiet street, this home is located just minutes from the vibrant downtown Peekskill area, filled with restaurants, shops, and the scenic Hudson River waterfront. With easy access to Metro-North for commuters, this location offers the best of both suburban tranquility and city convenience.
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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