69 Ridge Road
About This Property
Welcome to 69 Ridge Road, a spacious home offering 2,236 sq. ft. of living space, perfectly set on 1.1 private acres at the end of a quiet cul-de-sac. This home features 3 bedrooms, 2.5 bathrooms, and a heated in-ground saltwater fiberglass pool-ideal for summer entertainment! The main level showcases an open-concept layout with cathedral ceilings, seamlessly connecting the living room, dining area, and kitchen. Glass doors with integrated blinds lead to the rear deck, creating a bright and airy space perfect for entertaining. The kitchen is equipped with an island with bar seating, ample cabinetry, and a pantry for added storage. The spacious primary suite includes a private full bath with a jacuzzi tub, two closets with custom built-ins, and is large enough for a king-sized bed. Two additional bedrooms and a full hall bath complete the main floor. The lower level offers flexible living space, including a family room, den or home office, half bath, and a dedicated laundry room with a slop sink and newer washer and dryer. Notable upgrades include central air (recently replaced), generator hookup, underground electric dog fence, security system for windows and doors, and gutter guards. The septic has been recently pumped, and the boiler has been regularly serviced. Conveniently located just minutes from Gardiner and New Paltz, with easy access to local farm markets, wineries, distilleries, Minnewaska State Park, Mohonk Mountain House, and the Shawangunk Ridge. Commuter-friendly location-approximately 90 minutes to NYC and close to major highways, Stewart International Airport, and Metro-North train station. Don't miss a wonderful opportunity to own a home in the fantastic Hudson Valley!
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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