15882 BEAVER DAM RD
About This Property
Recently remodeled in October 2022, the kitchen features a new island, Quartz countertops, and flooring. All appliances, including the refrigerator, microwave, range, dishwasher, and garbage disposal, are brand new. Smart undercabinet lights and custom wooden valance enhance the kitchen. The living room, family room, dining room, bathroom, and hallway have been repainted and remodeled. The gas fireplace is refreshed, and the stucco ceiling removed. White blinds adorn the main level, and a new ceiling fan graces the sunroom.
Updates extend to the bathrooms, with granite countertops and heated floors. The Primary Bedroom boasts hardwood floors, while the other bedrooms feature new carpeting. Three bedrooms now have ceiling fans and lights in the closets. The basement's living area is entirely remodeled, featuring 100% waterproof flooring, new walls, cabinets, countertops, sink, and appliances. Both bathrooms showcase ceramic flooring, shower enclosures, vanities, light fixtures, Bluetooth speakers, and updated accessories.
Enjoy the backyard's waterfall view from the recently restored and stained deck. The garage is equipped with 240V power for electric cars, and there's an oversized storage shed beneath the deck. Low-maintenance landscaping includes fresh sod and annual plants. Updated porch lights and patio light enhance the exterior. Ceiling-suspended storage racks in the garage and a spacious attic provide ample storage.
Residents benefit from private access to three beaches and various Montclair HOA events. Located on a cul-de-sac, this home ensures minimal traffic, offering a peaceful and exclusive retreat.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017