3103 CARDINAL DR
About This Property
As you enter through the large composite front covered porch, you'll be greeted by the bright living room with beautiful hardwood floors and through the arched doorway to the gourmet kitchen. The kitchen features granite counters, a kitchen island, a tile backsplash, pull out spice rack and lazy susan, skylight, recessed lights and plenty of cabinet space, including a built-in desk. High-end appliances, such as a 2 year old $10,000 Gen Air oven and gas cooktop, a $2800 French door refrigerator and a 5 year old dishwasher, add a touch of luxury. The kitchen also opens to a spacious 2-car garage with a workbench, shelving, and additional features like a welder's plug and separate breaker box-perfect for any handyman. ***
The upper level houses a dreamy master suite with hardwood floors, walk-in closet with organizers, a ceiling fan, and a cozy sitting area with a stone gas fireplace. From here, you can step out onto your private balcony, complete with ceiling fans, where you can unwind while overlooking the tranquil backyard. The ensuite bath is a true retreat, featuring a jetted tub with tile surround, a separate shower, a double bowl vanity, skylight, and a convenient washer and dryer with ample counter space for folding clothes. Two additional carpeted bedrooms on this level each have ceiling fans and built-in closet organizers. ***
The spacious finished lower level offers endless possibilities, including a large family room with a wood-burning fireplace, perfect for entertaining or recreation. Beyond the family room is a party room or billiard room with a wet bar, a liquor display, recessed lighting, and a half bath with with a standard commode and a urinal. This level also includes a full bathroom, two additional recently carpeted and drywalled rooms for hobbies, exercise or office space, and a utility room with plenty of storage. If additional bedrooms are needed, the family room and party room are perfect spots! ***
Outside, you'll find an entertainer's paradise with an inground heated pool, complete with a waterfall and buddy seat, a $2500 safety fence, and removable slide. The backyard also features a screened gazebo with electric and ceiling fan, a built-in stone grilling area, a large shed, and a chicken house (chickens convey) with a fenced area, allowing you to enjoy fresh eggs. The home is well-equipped with a one year old $17,000 HVAC & humidifier, a two-year-old Glass hot water heater, $3500 a water softener with PH injection system, a well pump, and a radon remediation system. The $35,000 solar panels provide energy savings, while the home's security system with cameras ensures peace of mind. ***
With impeccable maintenance and thoughtful upgrades throughout, this home is an absolute must-see! Don't miss your chance to own this exceptional property. Sellers are providing a 1 year home warranty and the optional pool warranty to the buyers at settlement at a $1125 value.
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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