3729 STANSBURY MILL ROAD
About This Property
The fully finished lower level offers an additional family room complete with a recently updated kitchenette area, a full bathroom, and three large versatile rooms perfect for a 5th bedroom, recreation room, home office, home gym, or additional storage. The walkout basement also offers two private exterior entrances making it ideal for an in-law, college student, or au pair suite as well.
Upstairs find a Luxurious Primary Suite with a sitting/workout area, two large walk-in closets, and ample storage tucked under the eaves. Three additional bedrooms and a full bath round out the upper level.
The property itself is the crown jewel of this home. Set on just over an acre the yard is private, beautifully landscaped, and fully fenced. The In-ground pool features a resurfaced deck that stays cool underfoot, as well as a recently replaced pool liner, pool pump, and filter. The included new automatic vacuum makes pool maintenance a breeze. Outdoor lighting surrounds the pool and the brand new paver patio. The paver patio is complete with a pergola, outdoor electric, and both hot and cold water faucets. The spacious maintenance free deck off the kitchen sunroom with an automatic retractable awning makes it perfect for easy outdoor dining. In addition to the two car garage, there's plenty of outdoor storage in the two large storage sheds, complete with electric and lights, and there is plenty of parking with the huge newly repaved blacktop driveway.
Other great home features include a full house ADT alarm system complete with three exterior cameras, Ring Doorbell, elaborate Culligan Water System with a separate kitchen faucet just for filtered water that also feeds the refrigerator water and ice supplies, two zoned HVAC with gas and electric to maximize efficiency, and a whole house Leaf Filter gutter system with a lifetime transferable warranty.
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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