520 Reed Road
About This Property
The home itself features an open concept main living and dining area with windows facing out over the easterly viewshed (and sliding doors out to the deck), a central woodstove to provide ample heat (electric baseboard heat exists throughout also), cozy country kitchen, 2 bedroom and a full bath on the main floor. The basement offers additional functional opportunities, with a half-bath, laundry area, and large multi-use space for potential recreation room or additional living space.
Exterior aspects include the new asphalt shingle roof, freshly stained siding, expansive wrap-around deck with covered entry, a large shed with power, and additional machine shed. The pond offers a space to relax and enjoy the views, or admire as you pass by and over the charming footbridge, over an upland stream channel and into the wooded hillside, replete with mixed deciduous trees, stone walls, and natural rock features.
This really is the whole package – and it's located just 20 minutes to Delhi and Walton, 25 minutes to Andes, and only 2.5 hours to metro NY.
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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