11301 TIMBERLINE DR
About This Property
As you step inside, you'll immediately notice the charm and potential this property holds. The home features a delightful 3-season room off the kitchen, creating an inviting space for relaxation and entertaining. You have two fireplaces, one on the main level and one downstairs in the basement.
Key updates have been made to ensure your peace of mind and comfort. The roof was replaced in 2020. The Furnace and AC unit were replaced in 2018. The hot water heater was replaced in 2005. The septic system had a new valve and distribution box installed in 2011. The chimney was serviced in 2022. In 2018, the home underwent a significant upgrade as the polybutylene pipes were replaced with copper pipes, which come with a lifetime warranty on the pipes and 20 years on the labor.
The layout of the home provides a perfect balance of privacy and convenience. The main bedrooms are located upstairs, with the owner's suite featuring a sitting room.
One of the standout features of this property is its very private setting, allowing you to enjoy tranquility and seclusion while still being part of the vibrant neighborhood. Additionally, the walkout basement is equipped with heating, expanding your living space and providing endless possibilities for use.
This property represents a rare opportunity to own a home with excellent bones and a generous lot in one of the most sought-after neighborhoods. Don't miss your chance to customize this gem to your liking and create your ideal living space. Welcome home!
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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