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Map
82 Iris Dr
About This Property
From the outside, it reads like a little Swiss chalet. Inside, it keeps going - vintage turquoise appliances in an unfitted kitchen with more personality than most homes have square footage, exposed beams, mountain lantern fixtures, real hardwood floors, and a wood stove anchoring the main living space.
Three bedrooms, three bathrooms, and the kind of craftsmanship and character you can't fake.
Then there's "the Chapel" - yes, that's what we call it. A detached 500-square-foot lofted, carpeted bonus space with its own wood stove and a deck off the back. Studio, guest quarters, teen hangout, yoga room, Sunday gathering. Whatever season you're in, it flexes with you.
The land is the other half of the magic. A full flat, usable, well mitigated acre. Firepit lounge, a playground for the kids, and the property backs directly to a Christian kids camp - so the privacy isn't going anywhere. No future neighbor building in behind you. A new septic system will be installed before closing.
This one is Volume 2 of our Home Feels Like... series for a reason: JOY. It's color. It's character. It's room to breathe and space to host. It's the kind of place that makes you exhale on the drive in and reminds you why people move up here in the first place.
Full-time home, weekend escape, or a gathering place for the people you love most - it's ready when you are.
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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