5008 SAINT SIMON CT
About This Property
On the second level, there's a large primary bedroom with a walk-in closet and an amazing updated primary bathroom that includes custom cabinetry, double sinks, a custom-tiled glass enclosed shower, separate soaking tub, enhanced lighting and updated fixtures throughout. The remaining 3 bedrooms are generous in size and offer ample closet space. The hall bathroom has also been updated with a new tub/shower, custom tile work and updated fixtures.
The lower level offers a fabulous finished space to relax or entertain as well as an ideal set-up for a workout area. This space is also complimented by another fully updated bathroom that includes a custom tiled walk-in shower along with newer cabinetry and fixtures. There's also plenty of storage space and a wood shop area for all of your creative inspiration.
The outdoor space is just as impressive, you have the luxury of enjoying a large covered porch finished with composite decking material that steps down to a flat, fenced-in backyard that would be perfect for hosting summer barbecues or just enjoying a morning cup of coffee. This home also features a mudroom area that connects to an attached two-car garage for convenient parking and additional storage. Most of the mechanicals have been updated throughout and the roof was recently replaced in June of 2020. Don't miss the opportunity to make this stunning colonial home yours!
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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 Ballenger Creek
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017