3905 Chippenham Road
About This Property
in a cul-de-sac and backing to the woods for privacy! Beautiful landscaping leads to this
wonderful house to call home. Three levels for great separation of space-and bedrooms
on all three levels for guests, nanny, offices, etc. The main level opens to a vaulted ceiling
and a gorgeous two-story view of the woods. The front room makes an ideal parlor, study,
music room-or perhaps remodel into a sitting area for the nearby main level guest room.
The open great room has built-ins and a gas fireplace (one of three!), generous breakfast
area with access to the deck, and open kitchen with granite counters and lots of storage.
The laundry room with utility sink and washer & dryer is near the entrance to the two-car
garage and rear stairway-a quick way to zip upstairs. The second story features a huge primary bedroom with sitting area, fireplace, lots of closet space, and an ensuite bath. The hall bedroom has a private bath, and the end wing of two bedrooms share a jack and jill bath. The second floor also has access to unfinished
storage and a walk-up attic. The lower level has many possibilities: additional bedroom
and bath for someone who needs a private bedroom or study, a huge rec room with
fireplace for watching movies, games, etc., a game room or flex space, and unfinished
storage. Brand new roof and fresh paint. Side entry garage. All appliances convey.
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Cap Rate Calculator
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