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11 Thornewood Road
About This Property
Set back on over 2.65 beautifully flat, landscaped acres, this thoughtfully renovated 4-bedroom-plus home is defined by its charming covered front porch and dutch door entry that open to an inviting foyer. The chef's kitchen flows into a fabulous breakfast area with a cathedral ceiling and walls of windows overlooking the backyard, and continues seamlessly into the family room and the dining room with French sliding glass doors creating the perfect setting for everyday living and entertaining. The main level also offers two private offices, providing exceptional flexibility for today's lifestyle needs. The lower level features a superb home gym, a great recreation room, a media room, and a laundry room, offering outstanding additional living and entertaining space. All closets are custom designed, and no detail has been spared throughout the home. There is also a bedroom and bathroom with no step entry off the garage. Outside, enjoy a small garden, a porch off the office, and a large entertaining patio with an outdoor TV overlooking an ideal suburban backyard setting. With tasteful updates throughout and a fantastic layout, this is a very special Windmill Farm home not to be missed.
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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