116 Spikerush Road
About This Property
The main house features a large front porch, proper entry hall that leads to a collection of impressive interior spaces. Volume ceiling height, wood floors, plantation shutters and designer finishes carry throughout. A grand open living room has a luxe, oversized feel. The perfect space for daily family life and holiday entertaining. Charming garden views from every window add appeal. An additional den with double glass doors, formal dining room and guest powder bath are also located on the main level.
A trip upstairs is truly a delight. Custom wall moldings and grass cloth detail are more eye candy. Three guest bedrooms and two full baths, two of the bedrooms share a covered porch.
The master is a true retreat. A special raised, island style cathedral ceiling -LARGE space- plenty of room for california king and a sitting area. Access to a private covered porch. A sweet spot for sipping coffee and relaxing among the treetops. Two closets, dual sinks, step in shower and separate tub.
Outdoors spaces are at every turn! FOUR total covered porches and an open breezeway porch. Brick paver backyard, nice privacy. Two car garage and 4 car driveway. Separate exterior staircase leads to a detached guest house. Adorable, furnished 1 bedroom 1 bath with living room kitchen and laundry.
Have I said enough? This house is unbelievable and truly a must see!
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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%.
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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 Botanica
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017