421 EMSLIE Terrace
About This Property
Some recent upgrades include a new roof in 2021 and a new hot water heater in 2022, ensuring that the home is well-maintained and efficient. The driveway, sidewalk, and porch are paved with high-quality pavers, giving the exterior a sophisticated look.
Inside, the home boasts a recently replaced air conditioning system with a HEPA filtration system, promoting cleaner and healthier air for the household. The property also comes equipped with a water purifier and softener, ensuring that the water quality is top-notch. For added convenience and security, a new Chamberlain garage door opener has been installed. The screened-in heated pool with a hot tub and automation system provides an excellent space for year-round enjoyment. Additionally, the large screened lanai is perfect for outdoor gatherings and relaxation.
The living room, den/office, and dining room feature beautiful hardwood floors, creating a warm and inviting ambiance. The bedrooms are fitted with wood-like tile flooring, offering durability and easy maintenance. The home's front windows and office are adorned with plantation shutters, providing both style and privacy. The kitchen has been upgraded with new quartz countertops and a designer backsplash, giving it a modern and elegant touch.
To maximize space and functionality, a Murphy bed has been recently installed, offering flexible guest accommodation. The custom-built bookshelves with stone accents and an electric fireplace are recent additions that enhance the living space's aesthetics.
This property is located within an area served by excellent school systems, making it an ideal choice for families. Additionally, there are no Community Development District (CDD) fees, and the yearly Homeowners Association (HOA) fee is $900, which likely covers maintenance and amenities provided by the association.
In summary, this home in the Kensington subdivision offers a wide range of desirable features and recent upgrades, making it a highly attractive option for potential buyers seeking a move-in ready and beautifully maintained property.
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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