1218 WHETSTONE DRIVE
About This Property
Welcome to this stunning colonial-style home in the tranquil 55+ community of Stonecrest. As the largest model in the neighborhood, this residence features a grand double-door entrance, covered front porch, and elegant interiors with plantation shutters, crown molding, high ceilings, and hardwood flooring. The 2-story family room with a fireplace serves as a striking centerpiece. The kitchen is a chef's delight, boasting a large island, breakfast bar, and ample space for casual dining and meal preparation. A bright morning room bump-out fills the space with natural light and opens to the deck, perfect for outdoor relaxation or entertaining. The main-level master suite offers a jetted tub, separate shower, and walk-in closet. Upstairs, three additional bedrooms and a full bath provide plenty of space for guests. The expansive lower level features a massive finished living area with endless customization possibilities. There's also a bath rough-in and additional unfinished space that could be transformed into a recreation room, home office, or even a 5th bedroom. Additional highlights include zoned HVAC for year-round comfort, an irrigation system to keep the lawn pristine, and HOA-maintained yard care for hassle-free living. Move-in ready, this home is a must-see in the desirable Stonecrest community.
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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