12 Cambridge Drive
About This Property
Upon entering, you are greeted by a large foyer with ample closet space, a formal dining area that promises memorable gatherings, seamlessly transitioning into a sunken living room where natural light bathes the space, creating a warm and inviting atmosphere. Both these spaces, along with the expansive family room, boast beautiful wood flooring, adding warmth and a seamless flow throughout the main level. The heart of this home unfolds into a sunken 2-story family room, accentuated by a gas-burning fireplace that serves as both a focal point and a gathering spot for chilly evenings.
The culinary space is a chef's delight, featuring ceramic tile flooring, granite countertops, and a layout that combines functionality with sophisticated style. Adjacent to the kitchen, a convenient laundry room leads to a full bath, showcasing the thoughtful flow of the home's design. All bathrooms have been recently updated, ensuring modern comfort and style.
Ascend to the second floor, where the private quarters await. Here, all four bedrooms offer personal retreats, including a luxurious master suite. The master boasts a large walk-in closet and an updated bath with a shower stall, providing a serene escape from the day's hustle and bustle.
The full, unfinished basement offers limitless potential for additional living space, catering to your unique lifestyle needs. Outdoors, the fully fenced backyard is an oasis of tranquility, featuring a beautiful deck that is perfect for entertaining or simply enjoying peaceful moments.
Completing this exquisite property is a 2-car garage, providing ample storage and convenience. 12 Cambridge Drive is more than just a home; it's a lifestyle offering unmatched comfort, style, and elegance in one of Howell's most coveted neighborhoods.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 22, 2024 | Sold | ||
| Sold | |||
| Feb 6, 2024 | Listed by RE/MAX Central | $689,900 | |
| Listed by RE/MAX Central | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017