203 Devonhall Lane
About This Property
The impressive exterior features a circular driveway leading to a spacious 3-car garage, while the beautifully landscaped grounds boast a massive vaulted over-sized screened porch (15x20), deck, and patio (21x19), perfect for entertaining or enjoying peaceful moments outdoors. Modern amenities include a newer roof, HVAC systems, and tankless water heater, ensuring comfort and efficiency.
Step inside to a grand marble floor entrance, where 10-foot ceilings and custom trim work with built-ins set a tone of elegance and sophistication. The formal dining and living rooms provide an ideal setting for gatherings, while the exceptionally large kitchen is a chef's dream, featuring dual pantries, double ovens, granite counter tops, tiled floor, accessibility to both the screen porch and grilling deck.
The home offers a luxurious main floor primary bedroom suite, complemented by an additional primary suite on the second floor. The secondary bedrooms are generously sized, with remarkable walk-in closets providing ample storage. The nearly 1700 square foot unfinished walk-in attic offers endless possibilities for expansion.
Additional features include a whole yard irrigation system, central vacuum, security system, and surround sound both inside and outside. This home is conveniently located near Koka Booth Amphitheatre, Whole Foods, Waverly Place, and Downtown Cary, providing easy access to shopping, dining, and entertainment.
Discover the perfect blend of elegance, comfort, and convenience in this exceptional estate 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017