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Single Family Residence

  Savannah (NY), United States

$4,499 per slot

13848 Old Rte #31-E, Savannah, NY 13146

A mature real estate market with favourable returns.

Average occupancy 83%

Mature real estate where demand never sleeps, with favorable returns.

Projected annual yield 11%

3% from capital appreciation and 8% from average rental income.

⏱️
Investment duration

Recommended standard 2 - 5 years

Property Overview

Hidden Gem in the heart of the Finger Lakes Region! Tucked back off the road on almost 3 Private ACRES! Executive style home w/ a PRIVATE OASIS featuring a HEATED INGROUND POOL and a large stamp Crete patio! 3 season Porch w/ fir, cedar and mahogany finishes! Adjacent covered outdoor dining space w/ Ipe tropical hardwood exterior decking! This masterpiece boasts 2850 sf with 4 bedrooms, 2 FULL Baths & 2 powder rooms! Grand 2 story foyer w/ winding open staircase & balcony above. Hand crafted maple flooring throughout! Barn door opens to the living room w/ high ceilings, and a Wall of windows w/ transoms above. Floor to ceiling stone “high output” gas fireplace w/ white oak timber mantle flanked by built in cabinets! All the greatest CHEFS will be jealous of this amazing, updated kitchen that was replaced in 2014! Premium cabinetry, granite countertops, double built in pantry, 8’ x 3.5’ island breakfast bar, “THERMADOR” custom panel appliances including oversized refrigerator, slide out microwave drawer, dishwasher and oversized oven with griddle and grill options! Large eating area & adjoining family room! Thanksgiving sized dining room with bay window & wide crown moldings! 1st floor laundry! Main bedroom suite w/ cathedral ceilings, large walk-in closet with custom organizers, bathroom w/ tile shower, dual heads and additional sprays! Double vanity w/ built in linen cabinets! Soaking tub! Bedroom 2 has cathedral ceilings, bay window seat built in bookcases, & walk in closet. Main bath has a tub w/ tile surround, shiplap walls, tile floors and a lg vanity w/ marble top. Walkout Basement has been partially finished with recreation rm & powder room. Anderson Windows! NEW ROOF (2023). The property offers accessibility, but also tranquility and privacy! You have easy access to the main 4 Finger lakes that are all within 10 to 30 minutes away. Many award-winning wineries and restaurants nearby. 12-minute drive to the Del Lago Resort. 30 minutes to Famous Skaneateles. Shopping in Aurora (Home to Mackenzie Childs).

Financial Details

Total Property Value

$449,900

Price Per Slot

$4,499

Aquisition & Legal Fees (3%)

$13,497


Total Cost Per Slot (incl. fees)

$4,634

Projected Returns

Projected Gross Rent

$35,992 (8% of value)

Management fees (7%)

$2,520

Operating/Service Expenses (3%)

$1,080


Projected Net Income

$32,392

Net ROI Per Slot (on $4,499)

11% annually

Additional Details

Bedroom
4
Bathroom
4
Area
Int - 2,850 Sq Ft.
Ext - 2.79 Acres Lot

Location

Savannah NY, United States