An Extraordinary Private Estate! Nestled on 5.5 picturesque,
private acres, this stunning 6-bedroom Colonial offers timeless
elegance, exceptional craftsmanship, and resort-style living! A
long, paved driveway welcomes you to this impressive home featuring
soaring cathedral ceilings, hardwood floors, spacious living areas,
and abundant natural light. The dramatic sunken living room boasts
a wood-burning fireplace, while the gourmet kitchen features
granite countertops, custom cabinetry, and premium appliances.
Enjoy a formal dining room, private office, guest bedroom, and
fabulous entertainment room with a custom wet bar and beautiful
woodwork. The expansive full basement offers endless possibilities!
Additional highlights include a whole-house generator, attached
2-car garage, and detached 4-car garage with loft, perfect for
collectors, extended family, or additional workspace. Step outside
to your own private oasis featuring an in-ground pool, hot tub,
expansive patio, and beautifully landscaped grounds. Privacy,
luxury, and endless possibilities, all just minutes from charming
downtown Warwick, wineries, restaurants, shopping, and outdoor
recreation. An added bonus! Seller is offering a generous
$20,000 credit toward the buyer's closing costs, making this
extraordinary estate an even more exceptional opportunity!
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.
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