20720 CROSS TIMBER DR
About This Property
Upon entering, you're greeted by beautiful hardwood floors throughout the main level, leading you effortlessly into the heart of the home. The open-concept family room, complete with a cozy gas fireplace, seamlessly flows into the modern kitchen equipped with an island, creating the perfect space for family gatherings and entertaining. But the real magic happens when you step outside into the large screened-in porch overlooking your flat, beautifully landscaped backyard with stone patio, grill area, and firepit.
The hardwood floors continue on the second floor where the master bedroom offers a private oasis with an ensuite bathroom featuring an updated walk-in shower with wall jets and dual vanity. Two additional bedrooms and a well-kept full bathroom with a soaking tub complete the second floor. On the lower level, a large finished basement provides additional living space with a family room featuring a faux brick accent wall, laundry area, full bathroom, and bedroom with egress window.
From the meticulously maintained interior to the thoughtfully landscaped exterior, 20720 Cross Timber Drive is more than just a house – it's a place to call 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2024 | Sold | ||
| Sold | |||
| Jul 8, 2024 | In contract | - | |
| In contract | |||
| Jul 5, 2024 | Listed by Keller Williams Realty | $830,000 | |
| Listed by Keller Williams Realty | |||
| Jul 22, 2019 | Sold | ||
| Sold | |||
| Jun 8, 2019 | Listed by Keller Williams Realty | $585,000 | |
| Listed by Keller Williams Realty | |||
Property Highlights
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About Belmont Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017