495 CHERRY TREE RD
About This Property
Step inside to discover a welcoming living room bathed in natural light, featuring a sliding door that opens to the verdant backyard-perfect for both tranquil relaxation and vibrant gatherings. At the heart of this home lies a fully modernized kitchen equipped with sleek quartz countertops and a convenient butler's pantry. The primary suite is a true retreat, complete with a walk-in closet. Three additional bedrooms ensure plentiful living space, complemented by an oversized great room with vaulted ceilings and sliding doors that lead to an inviting deck.
This home is not only spacious but also boasts a suite of recent upgrades including a new roof, siding, HVAC system, and bamboo flooring. Architectural highlights such as a skylight and cathedral ceilings contribute to an airy, open-concept living experience.
The outdoor space features a screened room and a private backyard, complete with an in-ground pool that promises endless days of enjoyment. The generous parking area can host numerous vehicles, enhancing the functionality of this charming home.
Additionally, the property includes an in-law suite with its own entrance, kitchen, and full bath-ideal for guest stays or as a potential source of passive income. Located near essential shopping centers and within walking distance to the Hilltop Elementary School, this home seamlessly blends daily convenience with luxurious living. Schedule your visit today and experience the perfect blend of style and comfort that this exceptional home has to offer.
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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