16605 123rd Ter Terrace N
About This Property
Step inside to find an open floor plan. The gourmet kitchen features a custom made live edge kitchen island, gorgeous cabinetry, tiled back splash, stainless steel hood, gas stove and custom molding over head. The floor to ceiling wood burning stone fire place serves as the focal point of this open living space.
With an expensive yard and generous garage space, this property is a dream for outdoor and equestrian enthusiasts. The split floor plan allows for a spacious master suite, made complete with a large luxurious bathroom. Two additional bedrooms with a jack and jill bathroom round out the layout. There is a powder room just off the kitchen for guests and the laundry room is tucked just behind the fireplace.
Grill from the gas plumbed back patio. This dry lot offers plenty of room for a pool should you choose to install one. Fisherman and gardeners will appreciate the plumbed potters bench alongside the garage, which is an attraction on it's own. The 1600 square foot, L-shaped building is large enough to park an RV in from the front and offers two additional work areas in the back!
Additional Highlights:
-All windows and doors are storm-rated (with exception of the wooden side door on the garage)
- Power and water hookups complete the side pad by the garage that was engineered specifically for RV's
- The rain-sensing irrigation system pulls from a separate landscaping well
- The Reverse Osmosis System feeds a 300gal reservoir tank that not only supplies the whole house, but also the garage
- The recirculating water system guarantees on demand hot water
- The AC system features added equipment to combat allergens and humidity
- A conduit has been run from the home to the power supply should you need additional energy
- The home has been pre-wired and plumbed for a gas generator hook up
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017