3831 MORGANS RIDGE Drive
About This Property
As you step inside, you'll be greeted by an inviting footprint that features three well-appointed bedrooms on the main level. A dedicated office space offers a quiet area for work or study. The heart of the home is the expansive family room, designed for entertaining, complete with ample seating, a cozy fireplace, and an elegant mantle.
The large country kitchen is a chef's delight, featuring stunning quartz countertops, abundant cabinetry, and a sunny eat-in breakfast nook. An oversized half bath adds convenience for guests.
Retreat to the owner's suite, a spacious sanctuary that includes a luxurious bathroom with tile flooring, a double stand-up shower, a relaxing garden tub, and a generous closet with a private toilet room. The split-bedroom layout ensures privacy, with a full guest bathroom conveniently located nearby.
For added versatility, the fourth upstairs fourth bedroom offers sitting area, rec space, full bath, and walk-in closet making it perfect for guests, a teenager, or a home office.
Step outside onto the large rear deck, ideal for outdoor gatherings and enjoying the serene surroundings. This home combines comfort, functionality, and style, making it a perfect place to call home!
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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