505 County Route 1
About This Property
Currently four bedrooms and two baths, the layout could easily provide up to six bedrooms with the addition of closets. A sunroom and spacious back deck are ideal for relaxing in the peaceful setting. Enjoy country living with a chicken coop, apple trees, pear trees, and perennial flower garden right in your yard. Inside, you'll find vaulted ceilings, thoughtful updates, and a new high-efficiency tankless heat and hot water system. A cozy wood stove helps keep heating costs low, while the wood shed and insulated attached garage provide ample storage.
With a brand-new roof and updated septic field lines, this home is move-in ready. Just 30 minutes from Albany and two and a half hours from NYC, it's a must-see retreat!
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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