1815 SANFORD RD
About This Property
Welcome to your dream home in the highly sought-after Forest Glen neighborhood, conveniently located near Forest Glen Metro and I-495. You'll know that gardeners live here the moment you arrive and see the prettiest property on the street, complete with perennial gardens, raised beds with dry-stack stone in the front and back, and a stone walkway and patio. The underground sprinkler system will keep everything looking lush and green. But it's not just the exterior that's impressive - the interior has been lovingly updated and expanded by long-term owners who spared no expense. The main level family room addition with a vaulted cedar wood beamed ceiling, skylights, ceramic tile flooring, and an exit to the gorgeous backyard patio is simply stunning. The charming living room features a stone fireplace, curved wall, and large picture window. The updated kitchen boasts stainless steel appliances, ceramic tile flooring, new dishwasher, new light fixtures, new faucets (including filtered water), and Corian countertops. You'll appreciate the abundant natural light that floods the home through Pella full-frame wood Casement windows, many of which have between-the-glass shades. Recent updates include a new tankless boiler and hot water Combi system with 3 zones for heat and AC, installed in October 2022, a new 50-year roof installed in 2006, and new Hardy plank cement siding and gutters added in 2007. The interior and exterior were also recently painted, making this home move-in ready for you to enjoy! Please check out the virtual tour with interactive floorplan.
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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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About Forest Glen
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017