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48 Red Mill Road
About This Property
Bring Your Contractor And Your Imagination To This Incredible Opportunity In The Heart Of Westchester County. This Property Is A True Diamond In The Rough, Offering A Blank Canvas For Anyone Ready To Roll Up Their Sleeves And Build Some Serious Equity. Whether You're A Seasoned Flipper Looking For Your Next Project Or A Visionary Ready To Design A Custom Space From The Ground Up, The Potential Here Is Undeniable.
The Bones Are Waiting For A Total Transformation To Bring This Home Into Its Next Chapter. It's The Perfect Chance To Modernize Every Corner And Create A Showstopper That Reflects Your Specific Style.
Location Is The Real Standout Here. You're Positioned Moments Away From A Variety Of Shopping Centers, Local Dining, And Major Transportation Hubs, Making The Daily Routine Incredibly Convenient. Opportunities
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2026 | Listed by Coldwell Banker Realty | $98,400 | |
| Listed by Coldwell Banker Realty | |||
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About Westchester
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017