10808 MIDDLEBORO DRIVE
About This Property
This Colonial rests on a tranquil 0.64-acre lot. The upper level offers four spacious bedrooms, including a primary suite with a RENOVATED BATHROOM and WALK-IN CLOSET. The additional three bedrooms are generously sized and share an updated full hall bath.
Beautiful HARDWOOD FLOORS extend throughout both the main and upper levels. The main floor includes a formal living room, a separate dining room, a stunning UPDATED TABLE-SPACE KITCHEN with PANTRY, family room with a wood-burning fireplace, a powder room, and a convenient MAIN LEVEL LAUNDRY area with additional storage. Step out from this level to a lovely SCREENED-IN PORCH that overlooks a FULLY FENCED BEAUTIFUL BACKYARD-ideal for outdoor living and entertaining.
The FINISHED LOWER LEVEL provides additional living space with a large recreation room featuring a bar area, a game room, a HALF BATH, and a storage room with walk-out access to the rear yard. HVAC (2024), HWH (2020), Roof (2008), Windows (2004), replaced electrical panel (2018).
NO HOA and conveniently located in Damascus, the home is close to commuter routes, shopping, and recreational amenities. Damascus High School!
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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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About Damascus
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017