1100 SPRINGVALE ROAD
About This Property
Current owner created PERFECT TWO PERSON HOME, by combining of the two secondary bedrooms into ONE spacious Primary. Hall bath expanded into a large primary style bathroom. Original primary makes perfect guest suite with its pristine original ensuite bath. Rear addition converted small DR/Kitchen into open living FR/DR/Kitchen. Beautiful, tall, Cherry Cabinets line the far corner walls, where corner windows provide the quintessential kitchen sink view! The large, strategically placed island leaves ample shared work space on the kitchen side! Bar height "breakfast bar" on Family Room side makes entertaining easy! Sliding doors to DECK and large window with fan light overlooking backyard flood this fabulous addition with natural light. No dining table is too long for the equally well proportioned dining area! AND, if desired, there is an ideal spot in the kitchen to add a MAIN LEVEL LAUNDRY! A few steps down from the Dining Room lies the former carport, converted earlier to a generous DEN, provider of perfect morning sunrise viewing! Built-in bookcases flank the sliding doors to the rear deck. ****The built-in ceiling speaker systems runs throughout the main level, including the Living Room, FR/Kitchen/DR, Den, Large Bedroom AND out on the Deck, allowing your favorite tunes to be fully enjoyed from anywhere as you move through your day. Volume can also be controlled at the room level.****
The full basement features an unfinished side, housing the utilities and laundry as well as the 1950's finished side, featuring knotty pine paneling, and great daylight through the wide window overlooking the backyard and the windowed door overlooking the side yard! A future craft space, artists studio, hobby room, extraordinaire! There's even a 50's classic built-in bar-space under the stairs. Like the fireplace upstairs, the original wood-burning stove on this side has never been used by the current owners.
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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.
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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 Great Falls
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017