13518 REDSPIRE DR
About This Property
Hardwood flooring continues on the steps to upper level where brand new carpet is installed in all bedrooms and hall. Primary Suite has carpet, pre-wire for ceiling fan. En Suite has his & her sinks, cultured marble vanity top, step in glass door shower with seat, large walk-in closet with lighting, water closet. Hall bathroom has cultured marble vanity top and cabinet, ceramic tile floor, glass door shower/tub combination. Bedroom 2 has attic access, double door closet. Bedroom 3 and 4 are also good sized. Full sized linen closet at one end of upstairs landing, and the laundry closet housing the Samsung washer and Whirlpool dryer rounding out the landing. Lower level has brand new carpet in the large recreation room, recessed lights, full bath with ceramic tile floor, cultured marble vanity with cabinet, tub/shower combination with tile to the ceiling. A finished storage closet is next to stairs. Bonus room with closet and crawl space access to under stair storage. Utility room with Bradford White Hydrojet hot water heater, Carrier furnace, and sump pump. Fully fenced yard, brick front, looks out to green space and pond across the street. 2 car garage on rear of house, as well as solar panels.
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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.
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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 Wheaton - Glenmont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017