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11405 LUND PLACE
About This Property
The 12'+ ceilings in the kitchen and family room create an open, airy feel, while the spacious and luxurious primary suite features a full bathroom with a double vanity, glass-enclosed shower, and two walk-in closets.
With over 4,000 finished square feet across four levels, including 4 bedrooms and 3.5 baths, the home offers plenty of space and flexible living. The lower level includes two separate entrances, a guest bedroom and full bath (renovated within the last year), a powder room for everyday use, and a custom wet bar.
All of this is set on an over 15,000 sq ft lot that showcases the owners' attention to landscaping and their green thumb. The family room opens to a beautiful, private two-tiered patio with a built-in gas line for a grill.
This is a truly special home-your buyer won't want to miss this incredible opportunity in Kensington.
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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.
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About North Kensington
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$4,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017