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11 Quail Ridge
About This Property
The heart of the home features a stone fireplace, built-in bookcases, and vaulted ceilings. The family room showcases custom stained glass and a cozy, inviting atmosphere. The open kitchen overlooks the stream, mature plantings, and a thriving vegetable garden, surrounded by flowering trees and shrubs including dogwood, catalpa, weeping cherry, rose trees, blueberries, and raspberries. Garden sheds and a full walk-up attic provide extra storage.
Updates include a new heat pump and AC, hot water heater, insulation, Andersen windows, and professionally maintained interior and exterior paint. A first-floor bedroom and full bath are ideal for guests, while the primary bedroom offers sweeping night-sky views. The updated full bath includes a sauna.
You will be surprised and delighted to discover Quail Ridge just 50 miles from NYC and it feels like its own peaceful secluded retreat tucked away yet still close to everything. Situated on a quiet dead end with no drive by traffics. No flood insurance required, stream not near the house.
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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