7354 FREESTATE DRIVE
About This Property
Step inside to discover newer LVP flooring, elegant chair rails, crown molding, and recessed lighting with dimmers that set the perfect mood. The spacious kitchen features ceramic tile floors, a stylish backsplash, maple soft-close cabinets with crown finish, stainless steel appliances, a built-in microwave, a wall oven, an electric cooktop, a double graphite sink, and a bright bay window overlooking the property.
The primary suite offers comfort and function with a walk-in closet, attic access, ceiling fan. All bathrooms are updated with sleek quartz countertops.
On the lower level, a large recreation room with walkout access opens to the expansive rear yard-perfect for gatherings or simply enjoying the peaceful landscape. A cozy wood-burning cast-iron stove makes this the ideal retreat on chilly evenings. The fifth bedroom is located on this level, adding flexibility for guests or a private office.
An added bonus is the HUGE Morton building on the property, which is ideal for anyone who needs space to store cars, boats, tools, arts & crafts or whatever!!
Surrounded by open farmland yet conveniently close to Middletown amenities, this property offers the best of both worlds-modern living with a touch of country charm.
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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