17831 FALCONCREST CIR
About This Property
The main level of the home boasts hardwood floors throughout. The kitchen was completely renovated a few years back and includes new cabinetry, Quartz counter tops and island and stainless steel appliances. The basement is completely finished with an enormous recreation room, separate media or exercise room, 3rd full bath and utility room. Additionally, there is a double wide stairwell from the basement to the rear yard. There are four spacious bedrooms on the second level. The Owners suite has two walk-in closets with closet organizer systems, sitting area and a private remodeled Owners Bath.
The rear yard has a private and relaxing deck as well as paver patio. A few other features you may not notice as you tour the home include a 6 zone irrigation system which assures the lawn and landscaping is kept looking beautiful at all times. There is an operating radon remediation system in the home.
With over 4,500 square feet of luxurious living space, this stunning property offers an exceptional combination of elegance, comfort, and convenience. Prepare to be captivated by its charming curb appeal, spacious interiors, and an array of desirable features that make this house a dream home come true.
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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