5 Hedges Road
About This Property
Inside, the home features hardwood floors throughout most of the main living areas, a spacious dining room with classic wainscoting, and an updated chef's kitchen designed for both cooking and gathering. The kitchen offers granite countertops, rich wood cabinetry, a large island with seating, quality appliances, and an open flow into the family room. The family room centers around a striking stone fireplace with a heat-efficient wood-burning insert and opens through French doors to a three-season sunroom overlooking the backyard.
The bedroom side of the home includes a generous primary suite with an updated en suite bath, along with three additional spacious bedrooms and an updated hall bath. A mudroom/laundry room between the kitchen and attached garage adds everyday function, with a nearby half bath and large pantry closet.
The backyard is a true extension of the home, offering multiple patio areas for dining, relaxing, and entertaining, a firepit, mature landscaping, privacy fencing, and an inground pool with a new liner. Additional highlights include a propane-heated attached garage, insulated detached garage with electric, central vacuum, exterior security cameras, generator wiring with portable generator included, pool shed, and grill. Conveniently located approximately 10 minutes from Warwick schools, shops, local farm markets, orchards, wineries, and nearby mountains for winter activities.
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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