11723 CREST HILL RD
About This Property
The well-appointed house features all new Jeld-Wen double paned windows, 6-woodburning fireplaces, solid wood doors throughout, 3 ½ inch gleaming oak floors, particularly fine bathrooms, total garaging for four cars, all brick and Hardiplank construction – all maintained on a very high order.
The brick guest house offers completely redecorated quarters with full bath, woodburning fireplace and a new heat pump. There is a 2-stall brick stable with tack room, hay loft, an attached run-in and chicken coop, and two paddocks.
The home is enhanced by the immense character of the grounds including a long, paved drive approach to a circular front parking forecourt, exterior lighting on the house and garden, a lion's head fountain into a garden pond, brick potting shed, all new stone patios and sidewalks, a 46-foot pool with new gunnite, coping and tile, a 80-head sprinkler system – all bathed in bursting flower gardens and shrubs – the base structure of the garden having been designed by Caroline Tait, a Royal Horticulture Society (RHS) Hampton Court, Palace Garden Festival award winner.
To take in the splendid rural setting, perhaps your favorite spot might be relaxing on the 21x22 resort-like covered rear porch overlooking pastures, pool, gardens and woodland. It features delightful Chippendale railings and Ipe decking – truly a first-class setting. 9.9 miles via Crest Hill Rd. to Rte. 66 at Marshall.
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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