14411 FALLS RD
About This Property
MAIN HOUSE - Top to bottom remodel in 2012 led by notable architect Jeffrey A. Lees. Natural light pours in from every angle into each room, a conscientious decision to seamlessly blend the beauty of the property with the life inside. You will notice the attention to detail immediately as you enter, standing atop a Terracotta floor with a hand-crafted Medallion centerpiece. Modern hardwood floors found in all rooms, Bullnose corners throughout the entire house gives each rooms a soft and welcoming feel. Updated Kitchen featuring all the modern amenities, including exposed beams which pays homage to the original Farmhouse. Floor to ceiling windows wrap the East end of the Kitchen brining in an abundance of light. Adjoining the Kitchen is a newly constructed Sun Room (2022) wrapped in windows. Capture panoramic views of Sunsets and Sunrises from the Primary Bedroom, whether looking through the 5' windows that sweep across the front of the room, or stepping outside to the adjoining covered deck. Vaulted ceilings upstairs give a larger feel to the Bedrooms. Tucked in at the end of the stone patio on the South side of the home is an outdoor Shower with a stone floor and tiled walls.
GUEST HOUSE - This detached home boasts over 1,000 ft² on one level, offering 2 bedrooms, 1 full bath, large kitchen, two separate Family and Living rooms, and complete with a wood-burning fireplace. Full unfinished basement for storage or additional use. This home is perfect for family or friends that want to join you on the property, or can be rented to earn income. Can also act in conjunction with the outdoor Studio as part of your business.
OUTDOOR STUDIO - Open concept featuring two traditional rooms. Skylights and full glass slider fill the space with sunlight. Plumbing, electric, and cable are provided to the Studio, making this a great space for an office outside the Main house. HVAC managed by single wall unit. Studio has been home to a stained-glass business, massage therapist, and currently a library and art studio. Perfect for an outdoor office for those who are able to WFH.
Attention was paid to the Driveway as it is split in two sections - an elevated section of Brick pavers near the front of house for the Owners, and a lower Asphalt section that can hold 5+ cars with ample turnaround space for your guests and deliveries.
Do not miss out on this rare find in the Western Run corridor.
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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