13478 SPRUCE
About This Property
Tucked away on a quiet, private street in King George; this one-story home offers the space, privacy, and flexibility you've been looking for. Set on 2 beautifully landscaped acres, the property is surrounded by mature trees, blooming azaleas, and rose bushes, creating a serene environment.
Inside, you'll find a large entry way and a well-designed open layout. Home features 4 bedrooms, 2 full bathrooms with potential for one of the bedrooms to be an office all on the main level! The large kitchen flows into the living and dining areas, perfect for both daily living and entertaining. A mudroom off the 2-car attached garage adds everyday convenience, and the paved driveway provides plenty of parking.
The partially finished walkout basement includes a full kitchen, 2 additional rooms, and a full bath; an ideal setup for a private in-law suite, guest space, or potential rental opportunity. This home offers 2 spacious decks; 1 off of the kitchen and 1 off the primary bedroom, they both offer peaceful spots to relax or host gatherings while enjoying the natural surroundings.
This home is full of potential and ready for your vision. With no HOA, ample indoor and outdoor space, and a flexible layout, this property is a rare find with endless possibilities!
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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