14523 CUTSTONE WAY
About This Property
The quality and character of the home is inviting and welcoming - a sky lit great room with cathedral ceilings, crown molding, beautiful hardwoods throughout the main and upper levels, built-ins, plantation shutters and a fenced in patio backdrop of rock gardens and pink Dogwood flowers in the Spring. Stained glass surrounds the Craftsman entry door splashing beautiful prisms of light in the marbled foyer. The foyer opens to a circular floor plan that includes the living room, dining room, kitchen, breakfast room, great room, half bath, laundry room and access to a two-car garage. Enjoy endless hours in the great room warmed by a state-of-the-art gas fired fireplace for those chilly spring rainy days and nights. The living room has plantation shutters and built-ins and opens fully to the dining room. The spacious open concept kitchen showcases maple cabinetry, stainless steel appliances, distinct granite countertops and cut stone backsplashes, a center island, and a breakfast table to host plenty of good meals and stories to share. A wrought iron baluster stairway takes you to the upper level with 4 bedrooms and 2 full bathrooms. The relaxing primary suite includes a walk-in closet and full bath with quartz countertops, double sink vanities, a frameless shower and corner tub jacuzzi. Three additional bedrooms and one full bath complete the top floor. The carpeted lower level has plenty of space for the whole family and includes recessed lighting, a wet bar, full bathroom, workstation, and tons of extra storage space. Sellers have loved having the Stonegate Swim Club so close, less than one mile away. The certificate of ownership transfers to the new owners and can be joined for an annual fee. Great location on a quiet street (no thru traffic) - close to the ICC and Glenmont Metro station for easy commuting. This one won't last!
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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.
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.
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About Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017