2408 SEMINARY ROAD
About This Property
Immediately after walking up the newly hard-scaped front walk, you're greeted with hardwood floors. The Living Room features a real wood-burning fireplace with a new door insert. Situated thoughtfully off the living room is a newly renovated, bright, and airy sunroom featuring new tile floors and an original shiplap ceiling. The first-floor dining room leads into the updated kitchen featuring newer stainless steel appliances and refaced cabinets. Two new bay windows have been added in the front of the house, and windows on the first floor have been widened and replaced to allow ample natural light to pour in.
A new, screened-in porch has been added directly off the kitchen, which leads out to a newly set patio overlooking the large, fully fenced backyard. A new fence and gate were recently added.
The lower level of this home offers a third bedroom, currently utilized as a gym, with a full bathroom. The utility room is extra large for storage. The 1-car garage is conveniently located directly from the basement- and has a newly painted floor. The driveway has space for at least 2 cars.
The upper level features two generously sized rooms, each with ample closet space and plenty of natural light. A hallway full bathroom with a window completes this level.
Recent updates to 2408 Seminary include new paint throughout (2025), new flooring in the sunroom (2025), new bathroom faucet (2025), new rear door, extended windows and the addition of bay windows (2022), fire place insert (2025), new gas range (2022), new dishwasher and fridge (2021), new microwave (2025), new screened-in porch (2020), refacing of kitchen cabinets (2025), clothes dryer (2020), hardscaping, fence, rear retaining wall and walkway (2023), new garage door (2019), new siding (2022), roof (2018), new patio (2020). This home has been thoughtfully maintained and is ready for it's next owner!
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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.
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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$8,900 /mo
- 4 Beds
- 3 Baths
- 1,874 ft²
$5,250 /mo
- 2 Beds
- 2 Baths
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017