27100 RIDGE RD
About This Property
The sunlight-drenched gourmet kitchen is a haven for culinary enthusiasts. Adorned with granite countertops and a tasteful tile backsplash, the kitchen is a true chef's paradise, complete with ample cabinetry and top-of-the-line stainless-steel appliances. A newly designed pantry adds an element of practical luxury, providing a seamless storage solution that enhances both form and function. The living room, featuring a cozy wood-burning fireplace set against a backdrop of pristine white brick, beckons you to unwind in sheer comfort. Notably, the newly installed fireplace insert boasts the remarkable ability to warm two entire levels during the cold winter months, creating an amazing opportunity to save on heating bills while enjoying unmatched coziness. Meanwhile, the separate dining room boasts elegant built-in wall cabinetry, seamlessly merging functionality with style.
Embrace the versatility of a main-level bedroom, perfect for a hybrid home office or an indulgent guest suite for extended stays. Ascend to the upper level, where five generously sized bedrooms await, accompanied by two exquisitely upgraded bathrooms that redefine luxury accommodations. The primary suite, welcomes you with double doors and boasts a spacious walk-in closet for all your storage needs. The masterfully designed baths evoke an air of timeless elegance, inviting you to indulge in moments of pampering and relaxation. Uncover the delight of a pull-down full-size attic, ready to be transformed into a serene retreat or a lavish storage sanctuary. The lower level is a realm of possibilities, with an additional bedroom, a fully appointed bathroom, a den, and a wet bar. Here, you'll find a utility room/workshop, a full-size laundry room with energy efficient washer and dryer and an abundance of storage space that caters to your every need. A kitchenette with a dedicated recreation area and a separate private entrance adds to the allure, offering endless opportunities for entertainment and relaxation.
As a remarkable addition, a detached guest/in-law suite awaits, fully renovated to double as a workshop/studio space. Equipped with its own heating/cooling system, upgraded electrical unit, and full kitchenette, this suite offers boundless possibilities for your creative endeavors or guest accommodations. Outside, an expansive driveway welcomes you with open arms, providing space for 8+ cars, ensuring the utmost convenience and ample room for your guests. A fully fenced-in backyard with storage shed, sets the stage for your personal oasis, complete with an elevated patio that sets the scene for memorable gatherings and joyous celebrations. And that's not all – with a sprawling 4-acre lot, you hold the key to unlocking potential wealth through subdivision.
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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 Damascus
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017