36041 PERMIT CT
About This Property
Upon entering, the warmth of the premium wood flooring invites you to explore the generous spaces drenched in natural light. The main level offers comfort with a welcoming library/den, a formal dining room, and a charming sunroom added in 2022. This sunroom opens to the kitchen which boasts warm board heated floors, creating an inviting atmosphere for family gatherings. The primary suite on this floor features an updated luxury bath with a spacious tiled shower and heated floors to pamper your senses.
At the heart of the home, the gourmet chef's kitchen stands as a testament to culinary excellence. Recently enhanced with new flooring and appliances, it features a Kitchen Aid 6 burner gas stove with an electric oven, a new Kitchen Aid refrigerator, an Electrolux Perfect Turkey oven, and an Electrolux Microwave-each element thoughtfully chosen to inspire gastronomic adventures.
Upstairs, the second primary suite with an ensuite bath presents a private haven, along with three additional well-appointed bedrooms and bathrooms and a large bonus room. Vaulted ceilings throughout enhance the architectural beauty, and a fully floored attic offers ample storage space.
The outdoor living area is a true highlight. A new paver patio and deck installed in 2022, create the perfect backdrop for alfresco dining and relaxation. The outdoor kitchen, complete with a refrigerator, gas grill, and burner, is ideal for hosting. Gather around the gas-powered fire pit, surrounded by the fenced yard that offers privacy of lush trees and shrubbery.
The home's efficient core is powered by a tankless hot water heater and a geothermal heating system, a fully conditioned crawl space with dehumidifier, Energy Efficient washer/dryer, and a new insulated front door with side lights ensures energy savings all year long. Already installed and in use natural gas connection for grill, fireplace, stove, dryer and tankless water heater. Additional natural gas connections installed at outdoor kitchen and available to add outdoor heater for patio and lighting.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017