22 Theodore Trail
About This Property
As you step into the foyer you will notice the formal dining room to the left and a large office to the right. The heart of the home features an eat-in chef's kitchen complete with granite countertops, a center island, updated stainless steel appliances, and a generous walk-in pantry. Entertain effortlessly as the kitchen openly flows into a spectacular, oversized living room anchored by a cozy wood-burning stove fireplace and custom built-ins. The main level boasts a home office, a separate bonus room, (perfect for a library or additional family room), formal dining room, walk in pantry, laundry room and half bathroom.
Upstairs, the primary suite serves as your personal retreat, featuring elegant tray ceilings, massive "his and hers" walk-in closets, and a beautifully renovated ensuite bathroom complete with a deep soaking tub and high-end finishes. Three additional spacious bedrooms and a walkthrough hall bath ensure plenty of room for family and guests.
Step outside onto the expansive back trex deck designed for ultimate outdoor living featuring custom downlighting, stair-tread safety lighting, and a retractable awning. Enjoy your fenced-in yard and acres of mature woods to explore. The unfinished walk out basement offers an additional 1,200 square feet and is a perfect area for a gym, storage or workshop to fit your needs. This extra square footage allows for you to park your cars in the oversized 3 car garage with the opportunity for additional storage as well.
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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