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11503 CHANTILLY LANE
About This Property
Upstairs, four generously sized bedrooms feature large windows, excellent natural light, and ample closet space. The primary suite includes an updated en-suite bath with a modern vanity and tile finishes, while a well-appointed hall bath comfortably serves the remaining bedrooms. The lower level provides remarkable versatility, centered around a spacious recreation room with a second wood-burning fireplace, luxury vinyl plank flooring, and sliding glass doors leading directly to the backyard. A fifth bedroom on this level is perfectly suited for guests, a home office, or multi-generational living, accompanied by a full bath. Just beyond, a second renovated kitchen, an additional living area, and a sixth bedroom create an outstanding opportunity for an in-law suite, private guest quarters, or independent living space. Outside, a semi-fenced backyard offers plenty of room to relax, entertain, or garden, complemented by mature landscaping and a storage shed for tools and outdoor equipment. With its spacious layout, two kitchens, multiple living areas, and exceptional flexibility, 11503 Chantilly Lane is a rare opportunity to own a home that comfortably adapts to every stage of life.
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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.
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 Mitchellville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017