3672 SERENDIPITY RD
About This Property
The main floor consists of a formal living room, dining room, office/den, family room, kitchen and laundry room. The spacious eat in kitchen has granite countertops, stainless steel appliances and a center island for additional seating. From the kitchen, step out onto a sizable double deck overlooking a private backyard, perfect for entertaining. Kitchen connects to the family room with a gas fireplace and two-story ceilings. Off of the family room is an office/den, half bathroom and formal living room. Adjacent to the kitchen Is the formal dining room. There is also a separate laundry room on the main floor with newer washer and dryer (2018).
Hardwood floors on the upper level lead to all the bedrooms. The beautiful master bedroom has a sitting room and two large walk-in closets. The primary bathroom has been remodeled with a standalone tub, shower, double sinks and marble floors. There are three more vast bedrooms and a full bathroom, providing ample living space.
The walk-out basement consists of a recreation room, NEW Full bathroom, 5th bedroom (NTC) office/den area, and storage room. The huge recreation area features a wet bar with refrigerator and sink.
The fully fenced in backyard is screened in with Leyland Cypress trees, creating a private oasis. Lawn is beautifully landscaped and an in-ground sprinkler system helps maintain the lawn year round.
Additional Items: Roof replaced in 2016 (30-year warranty), New Dishwasher (2022), and HVAC (2016).
Home is located off of Cardinal Dr. close to Route 1 and I-95, making it perfect for commuting. Near shopping centers, restaurants, parks and many other entertainment options! This property will not last long!
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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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About Sedgewick Heights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017