969 Three Skillet Road
About This Property
Inside, the adorable farmhouse has been beautifully updated while still maintaining its warm, inviting character. Vaulted ceilings create an immediate wow factor the moment you walk in, while the oversized wood-burning fireplace serves as the stunning centerpiece of the living room-perfect for cozy evenings at home.
The kitchen has been thoughtfully upgraded and designed for both everyday living and entertaining. Features include a new double oven, new cooktop stove, new dishwasher, and an island with bar seating, all complemented by freshly painted cabinets that tie the space together beautifully.
The flexible floor plan also offers an additional living or dining space, giving you plenty of room to host gatherings or create a second lounge area. Just off the garage, you'll find an oversized mudroom, ideal for country living and keeping everything organized after a day outdoors.
Step outside to enjoy the fenced backyard, perfect for pets and kids to play safely while still being surrounded by wide open acreage.
Above the garage, an apartment has already been framed out and is ready to be finished, offering incredible potential for a guest suite, rental opportunity, or private office space.
With 5.8 acres, farmhouse charm, modern updates, and room to grow, this one-of-a-kind property offers the perfect blend of comfort, privacy, and possibility.
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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