11 HORSEBACK LANE
About This Property
The main level offers a welcoming living area with a wood-burning fireplace. The updated eat-in kitchen features granite countertops, a subway tile backsplash, stainless steel appliances, and ample cabinetry. A breakfast area and formal dining room provide multiple options for dining and gatherings.
The second level offers 3 bedrooms including the primary suite and primary bathroom. In the hallway is an additional full bathroom. The bedrooms all featured beautiful paint colors and accent walls.
The finished basement expands the living space with a spacious recreation room, full bath, laundry room, and office nook, offering versatility for a variety of uses.
Outdoor spaces include a large front porch with space for seating, a private back deck, and a covered patio overlooking peaceful wooded surroundings. The newly fenced-in backyard offers added privacy and functionality. An attached garage adds convenience, while the 240 square foot shed with electricity provides excellent flexibility for storage, hobbies, or a workshop. High speed internet is available. Recent improvements include a backfeed switch and surge protector and welding outlet installed in the garage, new garage door and new dishwasher.
Enjoy life in the Lake Monticello community, a gated lake neighborhood featuring a 352-acre lake and a wide range of amenities. Residents have access to the community swimming pool, lake beaches and swimming areas, a marina and boat launch, golf course, tennis and sports courts, recreational facilities, walking trails, and community spaces. Conveniently located near shopping and dining at Zion Crossroads and approximately 20 minutes from Charlottesville. Don't wait to schedule your tour and see all this home has to offer you!
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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