3116 GRANITE RIDGE LOOP
About This Property
Designed for modern living and effortless entertaining, the home features engineered hardwood flooring throughout (no carpet), upgraded baseboards, fresh interior paint, and high ceilings that enhance the open, airy feel. The custom kitchen is the centerpiece of the home, boasting LG appliances including a gas range, built-in pantry with slide-out drawers, and a stylish dry bar with wine refrigerator-perfect for hosting and everyday luxury. The living room is wired for surround sound and there are four cameras on the exterior of the property as well.
Both bathrooms have been thoughtfully updated with new vanities, modern light fixtures, and upgraded toilets, delivering a spa-like aesthetic. The primary suite offers generous walk-in closets, while the dedicated laundry room adds convenience and functionality.
Enjoy outdoor living in the fully fenced backyard, ideal for privacy, pets, or relaxing evenings at home. Peace of mind comes standard with a new roof (2022) and a renewed home warranty that transfers to the buyer.
Stonegate residents enjoy access to a community pool, clubhouse, fitness center, and park, all within a beautifully maintained, gated neighborhood. The home is zoned for top-rated schools, including Oakstead Elementary, Rushe Middle, and Sunlake High School, and is conveniently located near shopping, dining, and major commuter routes.
This move-in-ready home in offers timeless upgrades, exceptional value, and an unbeatable community lifestyle-an opportunity not to be missed.
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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 Stonegate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017