2400 SEMINARY RD
About This Property
Upstairs you will find a spacious primary bedroom with wood floors, a large closet, and great views of the beautiful yard. The two secondary bedrooms also feature hardwoods and offer expanded closet space due to the expansion added to the home's rear. The upstairs hall bath is well-sized and updated, with custom marble tile work throughout.
The finished lower level is spacious with good ceiling height and features engineered wood flooring, additional closet space, and recessed lighting throughout. There is a sizable laundry /storage space to the rear of the basement with an additional updated half bath.
The exterior of this home feels incredibly special. The beautiful natural landscaping and fully fenced yard space give it a peaceful English countryside vibe. The yard comes complete with two apple trees and a blueberry bush! At the rear of the house is a brick patio already outfitted with twinkle lights and perfect for your next BBQ. The brick patio extends around the home's rear to the side, where you will find a spacious off-street parking pad for two cars and a large garden shed. The parking pad and main entrance to the home is on Birch St, not Seminary.
This home has been well taken care of and updated by the current owners. Upgrades include newer high-end Simonton windows throughout, a new hot water heater, an upgraded electrical panel, updated appliances, and more!
Don't miss this one! This is a unique opportunity at this price point!
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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.
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017