1808 CHANEYS GRANT CT
About This Property
The dream kitchen boasts gas cooking, stainless steel appliances, granite countertops, a center island, and 42" maple cabinets with crown molding. A butler's pantry connects the kitchen to the dining room, which features elegant chair railing and crown molding. The spacious great room has a gas fireplace with a marble surround, while the formal living area, which can be converted into an office, also includes crown molding.
Upstairs, the hardwood hallway leads to a luxurious primary suite with vaulted ceilings, dual walk-in closets, a soaking tub, separate shower, and double sinks. The three additional bedrooms are generously sized and also feature vaulted ceilings, with the convenience of a washer and dryer on this level.
The fully finished basement includes a wet bar, an extra bedroom, a full bathroom, and a family room that opens to a patio. The two-car garage is dry-walled, painted, insulated, and features steel doors. Located in a desirable cul-de-sac, the home is just 0.4 miles from Crofton Middle School and 0.7 miles from the new Crofton High School, with Crofton Park also nearby.
The A/C unit for the main floor and basement was replaced in 2020, and the home is energy efficient, featuring exterior house wrap and various insulation levels throughout. It utilizes stick construction with 7/16" OSB sheathing on the exterior walls and roof, 30-year architectural shingles, and a TGI floor truss system for added stability.
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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.
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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