40538 LENAH RUN CIR
About This Property
Welcome to this beautiful Randall model in sought after Lenah Run, sited on a flat .68 acre homesite siding to a tree save. As you approach the home you will notice the new stamped concrete lead walk right up to the brick front steps. A spacious two story foyer with curved oak staircase is the focal point as you enter the home. Extensive trim details are found throughout the foyer, upper level hallway and into the living and dining rooms. The formal areas are quite spacious and can accommodate friends and family for holiday gatherings. Beyond the foyer is the two story great room, with multiple windows to take in the rear grounds, gas burning brick fireplace and plenty of room for relaxing. The kitchen is adjacent to the great room and showcases maple cabinets stained in a cherry finish, huge island with new chandelier, granite countertops, walk-in large pantry, planning desk, and stainless steel appliances. The casual dining area is framed with a wall of windows, such a lovely spot to start the day each morning. Just off the kitchen is a stamped concrete patio with Pergola, providing plenty of outdoor lounging, dining and grilling areas. A play set is also ready for the kids to enjoy! And the rear yard is fully fenced, so bring your pups! A home office is located off the rear hallway and features French doors for quiet study and is adjacent to the main level half bath. A convenient rear staircase is off the kitchen and great room for additional access to the upper level. Upstairs you will find the primary bedroom suite, sitting area, two walk-in closets and a spacious bath with separate vanities featuring maple cabinets, soaking tub, separate shower and private water closet. There are three additional bedrooms on this level, two share a buddy bath and one has its own full bath. A laundry room is also located on this level of the home. An open staircase off the kitchen leads to the lower level which is currently unfinished and ready for your future plans. The basement has a walk up staircase to the rear grounds, mechanical area, sump pump, and rough-in plumbing for a full bath. Lenah Run is a popular community in a Hamlet style setting, surrounded by Natural Conservancy, with a community pool, tot lot, and walking/bike trails to enjoy. Close to major shopping, top rated schools, restaurants, health care, library and more!
Roof Replaced 2017 , Gutters replaced with 6" gutters, including gutter guards, new downspouts, fresh paint in kitchen, great room, kitchen and front foyer & upper hallway, new kitchen island chandelier, fence installed in rear yard as well as Evergreen tress for privacy, stamped concrete front lead walk and rear patio with Pergola and play set is included.
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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