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3909 LAKE FOREST STREET
About This Property
The inviting open floor plan features high ceilings and a wood-burning fireplace in the ample living room that creates the perfect backdrop to cozy evenings. The bright and airy kitchen boasts a new stove, dishwasher, ample cabinets, a large window, and counters that flow into a big peninsula with space for stools forming a perfect central gathering spot. The kitchen also has a pantry and room for a coffee bar! A large bay window provides great natural light in the dining area which connects directly with a covered/screened porch, offering additional living space.
The large primary bedroom includes high ceilings, two walk-in closets, a luxurious en-suite bathroom with a large step-down shower, and ample storage in the large counter and full linen closet. Two additional bedrooms, complete with ceiling fans and large closets, provide plenty of room for family and guests. The common hallway features a skylight that illuminates the entire space. A second full bath includes an additional linen closet just outside the door. The new washer and dryer are conveniently located next to a utility sink, with oversized built-in cabinet storage above.
The two-car garage with automatic door opener and side outdoor entry, combined with a long driveway, provides ample parking. Garage storage space is also abundant, with attached wall cabinets, a large attic space above with pull-down stair access, and an attached, secure outside storage area. The newly fenced, very private backyard boasts a large patio, an incredible child's playhouse complete with an exterior play deck, custom interior finishes, working windows, lights, and an air conditioner!
The property has undergone several upgrades in recent years, including a new roof, drain field, flooring in the main living areas, Sentricon system, hot water heater, washer, dryer, dishwasher, stove, air conditioner, backyard fence, keyless entry lock, driveway camera, and permanent holiday lights. A portable generator is also included in the sale. Don't miss out on the opportunity to own this incredibly well-maintained, character-filled property in this highly desirable location.
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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