9341 Varina Road
About This Property
With soaring 11-foot ceilings on the main level, the interior offers a sense of elegance and airiness. The heart of the home is a double parlor with the highlight being the formal dining room, large brick fireplace including a Federal style mantel and colonettes. Adjacent to the double parlor you will find an updated farmhouse-style kitchen with access to a rear deck. Two side porches are also accessible off the transverse hallway at the front.
The dogleg staircase leads you to the second floor hall where you will find two large bedrooms, while a flexible third bedroom offers additional possibilities as a study, nursery, or guest space. Downstairs, the raised English basement provides further living area, including a cozy family room, a fourth bedroom, and full bath. This space could easily be adapted to a separate living area.
Outdoors, a collection of period outbuildings-including a barn, smokehouse/workshop, and chicken coop-anchor the property in its agricultural roots. Black walnut, osage orange, chestnut, pecan, black cherry trees and more are all located on the property. A one-acre vineyard, poised for renewed growth, adds to the charm and opportunity. Surrounded by open fields and wooded borders, this remarkable estate invites its new caretaker to its next chapter of American history.
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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