972 BIRD RIVER BEACH ROAD
About This Property
A southern-style wrap-around porch leads through french doors into a dramatic foyer with a classic 1800s staircase. Inside are 4 fireplaces, formal living and sitting rooms, and an updated kitchen with granite counters, newer stainless steel appliances, rich cabinetry, and a breakfast bar. The showpiece is a dining and sitting area believed to date back to the 1600s, featuring preserved log cabin-style walls, exposed beams, and a stone fireplace.
The main level also offers a full bath, 4th bedroom/office, laundry/storage room, and access to the oversized two-car garage. Upstairs, the spacious primary suite includes a walk-in closet and electric fireplace, with two additional large bedrooms and another full bath with updated shower and fixtures.
Outdoors, enjoy a stone patio, covered BBQ pergola, playground, and storage shed, all surrounded by nearly 2 acres of private land. Owners can opt into community benefits including a private boat ramp, clubhouse, and playground.
This home is more than a residence-it's a piece of history in one of the area's most desirable communities. Updates include a modern electric system, whole-home water filtration, dual-zoned HVAC with UV system, septic updates, new front siding, LVP flooring, and more. Conveniently located near major commuter routes, Richardson Farms, dining, and shopping.
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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