230 Spring View Lane
About This Property
The 2,200-square-foot home is just as impressive. A welcoming rocking chair front porch sets the tone before you even step inside. Once through the door, you're greeted by a bright, expansive open floor plan filled with natural light and oversized windows. A cleverly hidden sliding farmhouse door reveals a mudroom complete with built-in bench seating and cubbies. Perfect for keeping boots, gear, and everyday essentials neatly organized and out of sight.
The kitchen was designed for someone who truly loves to cook. Stainless steel appliances, abundant cabinetry and extensive storage mean there's a place for everything from everyday cookware to every gadget in your collection. Custom built-ins in the dining area include a built-in wine refrigerator, creating a perfect setting for gatherings and entertaining.
Behind the kitchen, a spacious 7 x 19 laundry and pantry area adds even more functionality. With cabinetry, countertop workspace, a utility sink and hanging space for air-drying clothes, this area keeps your kitchen clutter-free while providing room for small appliances and extra storage.
The home offers three bedrooms and two bathrooms, all designed with practical storage solutions to keep spaces organized. The primary suite features a spa-like bath with a soaking tub and separate shower, creating a comfortable retreat at the end of the day.
Need additional living space? The nearly 900 square-foot walk-up attic is ready for your vision. Finish it into a bonus room, office, studio, or keep part of it as generous storage.
Out back, the lifestyle continues. A large entertainment-ready deck with hot tub makes the perfect place to unwind after a day in the barn. The fenced backyard provides a secure space for pets to run and enjoy the outdoors.
The home also offers solar panels for reduced energy bills. Opportunities to own a budget friendly move-in-ready equestrian property with this level of thoughtful design, privacy, and functionality do not come around often. If you've been waiting for the right horse property this may be the one that checks every box.
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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