561 Towne Road
About This Property
Recent updates include a new hot water heater and washer and dryer. Enjoy your morning coffee on the enclosed front porch or relax on the covered back porch with convenient access to the garage and backyard.
Outdoor enthusiasts will appreciate the oversized 2-car garage featuring new garage doors, ample storage space, and room for a workshop. Located with direct access to ATV trails and just minutes from the Salmon River, snowmobile trails, fishing, hunting, and other outdoor recreation opportunities, this property is ideal as a primary residence, seasonal getaway, investment property, or short-term rental.
The large yard provides plenty of room for outdoor activities, entertaining, or simply enjoying the peaceful surroundings. Some furnishings will convey with the sale, making this a great opportunity to move right in and start enjoying all that the area has to offer.
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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 |
|---|---|---|---|
| Jul 14, 2026 | In contract | - | |
| In contract | |||
| Jul 3, 2026 | Listed by Salmon River Realty | $149,900 | |
| Listed by Salmon River Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017