20856 WATERBEACH PL
About This Property
The Family Room has built-in shelving and a 3-sided gas Fireplace. Black granite defines the tasteful Kitchen with custom wood cabinets, some with glass doors. Enjoy the view...large windows line the rear wall and acres of woods give beauty and total privacy. This location is a gem!! Main level living means...Primary Bedroom and Bath just footsteps away. Wood floors, walk-in closet, soaking tub and gas fireplace #2 all add to this sweet retreat...PLUS, awake to beauty of the outdoors with the adjoining Sunroom! Bedroom #2 on Main has custom shelving and Bathroom #2 access. The Home Office area is conveniently close by too.
The wide open stairway integrates the Lower Level into the flow of daily living. The features of the generously sized Recreation Room include Gas Fireplace #3, an attractive wet bar and a library wall of custom shelving plus, new LVP flooring. Walkout to the patio and koi pond, lawn and completely wooded view...listen to the birds. Bedroom #3 with adjoining Bath#3 make this a perfect in-law suite or guest retreat. Three additional rooms - Exercise Room, Bonus Room and not to code Bedroom #4 complete this level. This property is much larger than expected, so well designed and offers a sense peace and tranquility!
Laundry Room on the Main Level leads to the double garage. Roof and Gutters NEW in 2020, Furnace NEW is 2020, appliances all newer too - Washer and Dryer NEW in 2022.
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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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About Cascades
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017