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Lot 1 Cardinal Court
About This Property
Incredible opportunity to build your dream home with an interest rate as low as 4.99%! Choose from three thoughtfully designed models: The Mattituck, The Jamesport, and The Jamesport Plus. Each model offers a spacious and functional layout with high-quality finishes throughout. This beautiful Colonial will feature four generously sized bedrooms, two and a half bathrooms, and an oversized attached garage with interior access.
Exterior features include architectural roof shingles with a 30-year guarantee, a blacktop driveway and walkway, a concrete front porch with sidelights, and maintenance-free vinyl siding. Stone accents are available upon request. The home will also include aluminum gutters and leaders, exterior electrical outlets and hose bibs in the front and rear, a 6' sliding glass door, and seeded front and rear yards.
Inside, the home offers 9-foot ceilings on the main level, 8-foot ceilings on the second floor and basement, and red oak hardwood flooring in the living room, family room, dining room, and upstairs hallway. The dining room is enhanced with a tray ceiling and crown molding. The kitchen and bathrooms will feature ceramic tile, while the bedrooms will have comfortable wall-to-wall carpeting. A 36" gas fireplace provides a cozy centerpiece in the main living space. Additional highlights include oak handrails with white balusters, recessed lighting (10 fixtures), and a choice of interior doors with colonial-style molding and baseboards.
Conveniences include hookups for a washer and dryer, two telephone outlets, two cable outlets, and a garage wired for a door opener. Benjamin Moore paint (two color choices) with white trim is included. Closet shelving is PVC-coated throughout, with optional upgrade packages available for the primary bedroom.
Don't miss the chance to personalize your finishes and create a home tailored to your lifestyle. A rare new construction opportunity in a highly desirable area!
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017