1902 White Plains Road
About This Property
The kitchen anchors the home with recycled glass countertops, KraftMaid cabinetry, and clean modern finishes, flowing into the main living and dining spaces. Fossilized bamboo flooring runs throughout, complemented by updated windows installed in 2018 and 2024.
A heated and cooled sunroom offers flexible use as an office, studio, or sunroom.
Major updates include HVAC and water heater, along with extensive interior improvements to insulation, flooring, cabinetry, and finishes. Exterior painted in 2018 with interior repainted in 2026. Sunroom expansion includes a copper roof. Fiber cement siding and Trex decking add durability and low maintenance.
French drains improve drainage, and foundation work has been completed with engineer approval.
Set on a landscaped .29 acre lot in Colony Woods, both the front and back yards are fenced, enhancing privacy. Outdoor living is a highlight with over 300 square feet of covered porch and deck space, along with mature trees and native plantings that create a private, natural setting.
Conveniently located in Chapel Hill with access to highly regarded schools, this home offers a unique opportunity to own a beautifully updated property with character and flexibility.
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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%.
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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 Colony Woods
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$1,800 /mo
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$1,595 /mo
- 1 Bed
- 1 Bath
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017