364 Magnolia Drive
About This Property
An impressive street view with three car garage, large driveway and mature oaks sweetly overhang. Solid, CBS construction -built by Pulte. Quaint walkway leads to a covered front entry. Inside a well thought out floor plan with space to house a crowd!
Front room with charming bay windows serves well as an open office or lounge area.
Views of the large side yard and lush landscape.
Large kitchen with granite countertops, hardwood cabinetry, oversized pantry, breakfast bar and attached dining room with views of the great outdoors. Kitchen overlooks a large open living room with 20' ceilings and tall windows that showcase sky views and fill the home with natural light.
Also on the first floor is a guest bedroom with ensuite bath [also cabana], den with double doors, guest powder room and laundry room. French door access to the pool and covered patio from den and main living area.
Upstairs, a theater [6th bedroom] with built in movie screen, six theater chairs and AV equipment, plus three additional bedrooms and two full baths.
An unbelievably large second level master suite is the ultimate owners retreat! Large windows and enough space to serve as multiple uses - lounge area, living / tv area or office and large windows. Attached bath has double door entry, dual walk in closets, two sinks, private toilet area, soaking tub and step in shower enclosure!
Outside, a screened in salt water pool and spa with spillover water feature. Screen door leads to a generous side yard with special tree canopy, grass area and pretty landscape.
3 car garage & tankless water heater, salt system & pool pump are newer. Pool is not heated - heater electrical hookup and pad are present. This home comes with an AHS Shield Complete Home warranty. Which offers repair and replacement protection against all main home components. See Attachments for a full list of items covered.
Ready for your creative, personal touch!
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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