116 Meandering Lane
About This Property
A grand circle driveway welcomes you, setting the tone for what's inside. Step through the door into a modern concept layout featuring all-new flooring, designer lighting, new windows, and flawless craftsmanship throughout. The gourmet kitchen is a culinary dream-boasting custom cabinetry, quartz countertops, premium stainless appliances, and a large island perfect for gatherings and entertaining.
The expansive primary suite is a true sanctuary, featuring an electric fireplace, sitting area, and a spa-quality ensuite with a walk-in shower, soaking tub, dual vanities, and luxe finishes. Each secondary bedroom is generously appointed, and all bathrooms are impeccably updated.
Out back, enjoy a gated extended driveway, new fencing, and a spacious workshop with electricity-ideal for creative pursuits or additional storage. The garage features sleek epoxy flooring. Additional upgrades include a brand-new roof and gutters, new HVAC ductwork, a new electrical panel, a modern security system, and fully upgraded interior. Every detail has been curated for refined comfort and effortless living.
Perfectly positioned with quick access to the Metroplex, yet tucked into a peaceful setting-this turn-key luxury property is truly one-of-a-kind. 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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017