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810 County Route 31
About This Property
The main level features a comfortable, functional layout with hardwood and tile flooring, an entrance foyer, ceiling fans, a walk-through kitchen, dining area, and multiple bedrooms. The kitchen is equipped with an electric range and refrigerator, while large windows bring natural light into the living spaces and original details add character throughout the home.
The lower level expands the home's versatility with additional heated living space, including the fourth bedroom, flexible recreation or gathering areas, laundry hookups, storage, and direct access to the built-in garage. Whether you need room for hobbies, guests, a home office, or simply additional everyday living space, the layout offers plenty of possibilities.
Outside, enjoy covered porch and deck space overlooking a level, partially cleared yard surrounded by mature greenery. Two additional storage sheds provide useful space for tools, lawn equipment, recreational gear, and seasonal storage. A paved driveway, front and back yards, and the generous 2.6-acre setting provide both functionality and privacy.
The home is served by a drilled well and septic system, with oil heat, electric service, cable availability, and private trash collection. The new septic system installed in 2025 is a notable improvement, along with the new roof completed in 2025. There is no HOA. Located in the Eldred School District and surrounded by the natural beauty of Sullivan County, this property offers a combination of acreage, space, privacy, and opportunity.
For buyers looking for a home they can personalize over time, 810 County Route 31 offers a substantial footprint, flexible living areas, useful outbuildings, and plenty of room to make the property their own, with the added benefit of a new roof and septic system in 2025.
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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