46
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7775 State Route 55
About This Property
A heated pool is just outside the house, flanked by stone patios with space to grill, dine and to relax in the hot tub. Further down the lawn a cute red building houses the one bedroom, one bathroom guest house, which features a little kitchenette.
Inside, the home blends rustic Catskills charm with modern renovation and addition. The open-concept main floor connects a sleek chef's kitchen to a spacious living room with Sonos sound. Three bedrooms (2 upstairs), all en suite, and 3.5 baths, include a ground-floor primary suite.
Upstairs, along with the two guest suites, a light-filled lounge opens onto a balcony overlooking the sweeping lawns and charming barn.
Located just outside Grahamsville within the Catskill Park, Spruce Haven is handy to hiking trails, including Red Hill Fire Tower and Slide Mountain, plus kayaking or canoeing on the Neversink Reservoir.
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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