1732 FAVERSHAM WAY
About This Property
The exterior features a beautiful brick retaining wall that adds both curb appeal and functionality and the entire exterior has been power-washed for a fresh, clean look. Newly installed front door hardware welcomes you into the home, and the freshly painted interior and exterior provide a modern, updated aesthetic. Outside, strategically placed motion lights add an extra layer of security and illuminate the yard when needed. The private backyard, complete with a well-maintained patio, is perfect for outdoor dining, relaxation, or entertaining.
Inside, the home offers a cozy living area that seamlessly flows into a functional kitchen equipped with brand-new stainless steel appliances, including a refrigerator, stove, microwave, and dishwasher. The kitchen and bathrooms have been upgraded with new hardware and cabinet liners. The bedroom carpets have been professionally cleaned, and new carpeting in the primary has been installed to create a fresh and inviting atmosphere.
This home boasts several important updates, including a roof replaced in 2020 and a brand-new HVAC system installed in 2024. Additionally, the washer and dryer are included for added convenience, making this home truly move-in ready.
Located in a sought-after 55+ community, the home offers a prime location with easy access to shopping, dining, entertainment, and nearby parks. Enjoy the convenience of being close to everything while coming home to a peaceful, nature-filled setting. Welcome home!
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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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About Lake Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017