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42815 EXPLORER DRIVE
About This Property
The remodeled kitchen (2017) is designed for gathering, offering granite countertops, an oversized center island with a built-in microwave, an impressive range hood and direct access to the deck overlooking the exceptional backyard.
The outdoor living space is just as impressive as the interior. Set on one of the neighborhood's most private lots, the fully fenced backyard oasis backs to trees. Relax in the hot tub beneath the gazebo with built-in seating, or unwind on the concrete patio while enjoying the tranquil setting. An underground sprinkler system was added in 2023.
Additional highlights include a spacious primary suite with a beautifully remodeled bath (2024) featuring a large walk-in shower, as well as a fully finished walk-out lower level with a recreation room, storage room, private fifth bedroom and full bath.
Major updates include a NEW roof (2019), NEW water heater (2023), remodeled kitchen (2017), NEW remodeled primary bath (2024), NEW upstairs carpet (2024), NEW lower-level carpet (2025), and updated paint and lighting throughout.
This HIGHLY SOUGHT AFTER - and rarely available homesite is just minutes from neighborhood schools, scenic lakes, parks, walking and biking trails, and the restaurants, shops, and everyday conveniences of Brambleton Town Center.
Thoughtfully updated, beautifully maintained, and set on one of the neighborhood's largest and most private lots, this exceptional home offers the perfect combination of space, comfort, and 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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About Brambleton Landbay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017