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12 Red Creek Road
About This Property
Imagine yourself in this open-concept living space, where quality craftsmanship and thoughtful design come together in harmony. The home features Marvin windows and sliders, solid #1 oak flooring throughout, and 10-foot ceilings on the first floor. All four second-floor bedrooms are accentuated by cathedral ceilings, offering a sense of grandeur and space.
The heart of this home is the modern kitchen, equipped with Thermador stainless appliances, ready to inspire your culinary creativity. A gas fireplace in the living room adds a cozy touch to the sophisticated interior.
Outside, an inground, heated 20' x 38' pool is encompassed by bluestone coping and a 13' x 20' bluestone patio, perfect for hosting summer gatherings or simply enjoying a peaceful afternoon. The property also features a two-car detached garage, which holds potential to serve as a future pool house.
The builder has plans in place to finish the 2,000 sq ft basement upon request, offering further flexibility and potential for this home. The property is fully irrigated, accentuating the ease of maintenance and convenience this home offers.
Situated in the heart of Hampton Bays, this home is within close proximity to beautiful bay and ocean beaches, marinas and boating, golf and tennis. Top-rated waterfront dining establishments, plentiful shops, and entertainment venues are just a short distance away. Traveling to and from NYC and surrounding areas is quite simple and stress-free, with easy access to points further out east and the North Fork.
Don't miss the opportunity to make this stunning property your own. Schedule a viewing today and step into your future.
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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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About Hampton Bays
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017