118 STONECREST CIR
About This Property
The home has wood floors throughout, crown and chair molding in the dining room and office, and a gas fireplace in the family room with a propane tank owned by the current owner. The main level also has a half bath, sunroom with a cathedral ceiling, and a screened porch with access to the backyard.
On the upper level, there are 4 bedrooms, with the primary bedroom featuring a huge walk-in closet with recently installed closet organizers. For additional heating or cooling, there's a split system with remote installed in the primary bedroom. The full bathroom has a separate soaking tub, new surround shower, and granite vanity with double sinks. The washer and dryer are also conveniently located on the upper level and will convey with the home. Three of the four bedrooms upstairs have walk-in closets.
The lower level is fully finished and has plenty of room for storage and a workroom for projects. There's also a door leading to the backyard. The backyard is completely fenced with 6-foot vinyl fencing and a double gate. There's a newer above-ground Kayak pool with enough supplies to last for the next couple of years, and a 10 x 12 storage shed for lawn equipment, pool equipment, or general storage.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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