3835 Silver Creek Drive
About This Property
Greeted with a fenced front yard, you'll find an array of specimen trees, vibrant perennials, shrubs, and a tranquil pond with a waterfall. As you enter the home, the main floor welcomes you with real hardwood floors, vaulted ceilings, and an elegant archway leading into a bright, open living area. Numerous transom windows flood the space with natural light, and a cozy wood burning fireplace adds warmth. The kitchen, outfitted with granite countertops, flows into a dining space with views of the surrounding wildlife. Just off the dining area, a composite deck with sleek cable railings offers a beautiful outlook over the lush, landscaped grounds.
Conveniently located on the main level is the primary bedroom with ensuite bath, a main-level laundry option, two additional bedrooms, and an extra room ideal for an office or hobby space. The lower level, thoughtfully expanded in 2012, has 9' ceilings and offers two oversized recreational rooms, an additional bedroom, and a full bath. The lower level also includes a full kitchen with LG stainless appliances, large daylight windows with custom 12" sills, a play area with a loft and ladder under the stairs, and two storage areas with built-in shelving. There is no shortage of storage space in this home!
The oversized three-stall garage features updated doors and a convenient sink with hot and cold water, providing plenty of space for your vehicles, toys, and storage. Outdoors, a sprinkler irrigation system keeps the landscaping lush, while a whole-home ETN generator and three individual thermostat zones ensure energy-efficient comfort for the 3,474 square feet of finished living space. Fiber internet is newly available on the road for fast, reliable connectivity.
Backing up to Silver Creek Horse Park, you will feel as though you are enjoying much more than 2 acres of country living. Recent updates include a new 50-gallon water heater (December 2021) and a new geothermal heating system. Say goodbye to nosy neighbors and hello to peace and privacy in this pristine home located in a wooded oasis!
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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