1521 WARFIELD ROAD
About This Property
The Living/Great room adjoins the updated Kitchen and Dining area which makes for an abundance of space for large gatherings. The updated expanded Kitchen now includes a pantry, extra counter space, new appliances, a new backsplash and a new large island, a second sink of a coffee station or prep area. The 2nd level also offers 3 Bedrooms, improved Baths with walk-in showers and an additional Laundry room for added convenience. The lower level is ideal for an in-law apartment or Airbnb complete with 2 Bedrooms, Family room, Bath, Kitchen (with new SS appliances and backsplash), Laundry room and a private areaway access to outside parking. Owners completed renovations above the 2-car garage, located off of the Great room, with a Hobby room and Office plus a half-Bath and storage. Bonus room on the lower level off Living/Great Room adds another opportunity for your household needs with a full bath and wet bar that can be used as an efficiency or Airbnb income producing apartment.
Beautiful backyard offers privacy with a fully fenced yard, landscaped to offer shade as well as space for a raised garden. There is also a large workshop with new lighting and a new roof. Additional Exterior Enhancements: The house was re-wrapped, insulated and has new siding and roof.
This charming home is located in welcoming Saunders Point community, offering a wealth of amenities for every lifestyle. Spend your days relaxing on sandy and pristine Mayo beach, or enjoy fishing from the community pier. Explore the beauty of Beverly Triton Nature Park, featuring a mile of peaceful shoreline, a playground for children, five miles of hiking trails. With excellent schools and easy access and commutes to major areas, this property offers an unbeatable combination of location, lifestyle, and value. Don't miss out on this opportunity to enjoy a lifestyle at its finest!
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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.
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About Mayo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017