Riverside Short-Term Rental
New
For Sale
$105,000
1521 River Rd, Clyde, NY 14433
Renovated two-bedroom camp with river views, a large deck, and an existing Airbnb operation.
Property Size720 SF
Days on Market5
Property Features for 1521 River Rd
General Information
Standard status
Active
Size
720 SF
Property subtype
Land
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$649
Amenities
hot tub
deck
ceiling fans
Building Details
Building Size
720 SF
Year Built
1978
Stories
1
Listing Agency:
Empire Realty Group
(315) 534-5070
Listed By:
Rachel Roberts · License #10401349203
(315) 534-5070
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 9:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Empire Realty Group
Investment Insights
Based on property information with market context.
This 1978 riverside camp has been renovated with pine interior finishes, new windows, and a new metal roof. The two-bedroom layout includes room for bunk beds, while the spacious living area faces the water. A large rear deck extends the gathering space outdoors, and the property also includes a hot tub.
The camp is currently operated as an Airbnb, providing an established short-term rental use while retaining personal-use appeal. State land access is located down the road, and the river setting supports boating and fishing activities from the property.
The camp is currently operated as an Airbnb, providing an established short-term rental use while retaining personal-use appeal. State land access is located down the road, and the river setting supports boating and fishing activities from the property.
Key Highlights
- Riverside camp with water views and backyard fishing access
- Two‑bedroom layout with room for bunk beds
- Renovated with pine interior, new windows, and a new metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,416
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$108,320
$108.3K
Cap Rate 7%
$77,371
$77.4K
Cap Rate 9%
$60,178
$60.2K
Market Conditions
NOI Build-Up for 720 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.2K $15.60/SF
− Vacancy
−$1.4K −$1.92/SF
EGI
$9.8K $13.68/SF
− OpEx
−$4.4K −$6.15/SF
NOI
$5.4K $7.52/SF
Area
Wayne County, NY
Vacancy
12.33%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$108,320
Cap Rate 7%
$77,371
Cap Rate 9%
$60,178
Alternative Uses
Best Use
Apartment 5plus
$77.4K
$67.7K – $90.3K
NOI $5,416 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$194.0K
$169.7K – $226.3K
NOI $13,577 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 14433, NY
4,707
Population
1,784
Households
2.6
Avg Household Size
39
Median Age
17%
College-Educated
83%
High-School Grad
66.8 sq mi
ZIP Area
70
Density / Sq Mi
$67,656
Median Household Income
$41,278
Median Earnings
$773
Median Rent
$101,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated two-bedroom camp with river views, a large deck, and an existing Airbnb operation.
Where is this short term rental property located?
The property is located at 1521 River Rd Clyde, NY.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Riverside camp with water views and backyard fishing access; Two‑bedroom layout with room for bunk beds; Renovated with pine interior, new windows, and a new metal roof
