16645 FREDERICK ROAD
About This Property
A welcoming foyer greets you upon entry, with a private office featuring custom built-ins to the right and living and dining rooms to the left ideal for both everyday living and entertaining. The heart of the home is the eat-in kitchen, appointed with KitchenAid appliances, quartz countertops, decorative backsplash, a center island with breakfast bar, pantry, and access to the rear of the property. A casual dining and sitting area just off the kitchen provides the perfect gathering space, while a conveniently located powder room completes the main level.
Upstairs, the primary suite serves as a private retreat, highlighted by a newly added en-suite full bath featuring a slipper soaking tub and a glass-enclosed shower. Three additional bedrooms and a full bath complete the upper level.
The fully finished walkout lower level offers exceptional additional living space with a recreation room centered around a stone-profile wood-burning stove, luxury vinyl plank flooring, a laundry room, and a full bath.
Outdoor living is equally impressive with a covered wraparound porch, composite decking on the front porch and rear steps with aluminum railings, and a wraparound driveway for ease of access. The property also features outstanding outbuildings including a detached two-story, three-bay garage with RV parking and abundant storage, as well as a second detached garage outfitted with a bar perfect for hobbies, entertaining, or workshop space.
Extensive improvements include new roofing on the home and both garages, new windows, gutters, siding, plumbing, HVAC, electrical systems, and a tankless hot water heater, along with fully remodeled bathrooms. The property is enclosed with split-rail fencing and secured by an aluminum gate with automatic opener, completing this truly remarkable and move-in ready property.
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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