473 EPPING FOREST RD
About This Property
As you step inside, you'll be captivated by the spaciousness and elegance of the home. Hardwood floors grace the main level, adding warmth and sophistication to the living spaces. A private office on the main level offers a quiet place to work from home or study. The gourmet kitchen is a culinary enthusiast's dream, seamlessly connecting to the family room where a cozy gas fireplace awaits. From here, you can easily access one of the several outdoor living spaces, a large Trex deck, offering panoramic views of the expansive, flat, and private backyard. For those quiet mornings, a side covered porch off the kitchen provides the perfect spot for sipping your coffee while admiring the lush, wooded area surrounding the property.
Upstairs, vaulted ceilings create an airy atmosphere, enhancing the overall sense of grandeur. Four bedrooms offer comfort and privacy. Two bedrooms share a Jack and Jill bathroom, while another boasts an en suite. The huge owner's suite awaits, providing a tranquil retreat with its thoughtful features and tasteful design. This primary suite stands out with its en suite bathroom, two walk-in closets and large soaking tub, providing a luxurious haven within your own home. While upstairs, you can also appreciate the modern convenience of a second-floor laundry. The fully finished walkout basement is a versatile space, complete with a wet bar and beverage fridge, making it an ideal space to host gatherings or enjoy leisurely evenings. A lower-level stone patio adds a touch of sophistication to your outdoor entertaining options.
Throughout the home, you'll find ample storage space, ensuring your belongings are neatly organized. The home is equipped with a well and septic system, ensuring efficient water management. A full irrigation system and water treatment system further enhance the convenience and care of your property. The attached two-car garage is connected to the house by a covered breezeway, offering protected access and convenience, no matter the weather. The home's location is truly special, as it backs and sides to protected woods and open space, ensuring tranquility and privacy.
Included in the sale price is a lot in Epping Forest, a coveted, private waterfront community on the Severn River. Epping Forest property owners have access to the community's robust amenities including a private beach, clubhouse, playground, pickle ball courts, chapel, and other community spaces. Boat slip facilities are assigned on a priortiy basis via the boat club. Enjoy an active and dynamic lifestyle just a few steps from your front door.
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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.
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About Parole
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017