127 CHEYENNES TRL
About This Property
The 27-foot-high, timber-beamed ceiling two-story great room features a monumental square stone hearth wood burning fireplace, hardwood floors, and wall of windows to frame the views of the trees. French doors lead to wraparound covered porch and open porches, and wide terraces capture breathtaking vistas of the surrounding trees and mountains. The open concept dining area is spacious and can accommodate an expansive table for large gatherings. The gourmet chef's kitchen features custom cabinetry, granite countertops, over-sized island with prep sink, ample bar seating, under cabinet lighting, 6 burner professional gas range, wall electric double ovens, desk zone & an adjacent enormous pantry.
The main level owner's suite features soaring vaulted ceiling & dual walk-in closets. Luxurious spa-inspired bathroom with a corner, jetted soaking tub, separate dual vanities & large walk in fully tiled shower. The main level office could be used as a sitting room or guest suite. Main level powder room & laundry room. Main level oversized garage.
The upper level offers a spacious loft with multiple areas overlooking the great room complete with a rough in for a wet bar- as well as 2 additional bedrooms.
The lower-level walk out light filled huge open-plan game room with built in cabinetry, den, hobby room, full bath, large unfinished space with a workshop area, and 2nd over-sized garage.
The owners have spared no expense with equipping the home with many added features; Green Features including a 9.9kW owned solar array, two 300W panels Supplemental Solar array on master bedroom wall,2 Geo-Thermal Heating & Cooling systems, Solar well pump- With this high-efficiency solar energy system, including power storage, you can power the whole house. In addition, the home comes with a 20kW Generac wholehouse generator to further ensure the home will never be without power. State of the art Security- complete with closed circuit monitoring and motion detection. Home Automation system complete with network.
Home is being sold with 2 lots making up the 15.85 acres- the second lot could later be sold separately if the new owner elects to. HOA fee iis 425 per lot - $850 per year is total for the 2 lots. Beyond the home are lush woods with an abundance of wildlife and miles of hiking. Home is located 5 miles from exit 5 of I-81. Shopping is 5 miles away and Winchester class II Trauma hospital is just 20 miles away.
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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%.
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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