504 Stansted Manor DR
About This Property
The spacious kitchen, complete with a large island, updated appliances, and gas cooking, flows seamlessly into the dining and living areas, making it an ideal space for entertaining. The flex space and dedicated office provide versatility, allowing you to tailor the home to your needs, whether it's a workspace, hobby room, or additional living area.
The primary suite is a true retreat, featuring a large bathroom with dual sinks, a soaking tub, a separate walk-in shower, and an expansive walk-in closet. The secondary bedrooms offer comfort and privacy, with new carpet throughout the home adding a fresh, welcoming feel.
Outdoors, you'll find a beautifully established garden with four 4x8x4 garden beds, all with irrigation, perfect for cultivating your own produce or enjoying some peaceful greenery. The large backyard offers plenty of room for recreation and relaxation, while the irrigation system ensures easy maintenance. A finished garage, new roof (Dec 2023), and new water heater (Feb 2024) further add to the home's value.
Located on a .248-acre lot, this home is pre-inspected and move-in ready. With a low HOA fee, security system, surround sound wiring, and proximity to local amenities such as shopping, schools, and parks, including baseball fields and an elementary school within walking distance, this property offers the perfect blend of comfort, convenience, and community.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | Listed by Reliance Realty Group | $410,000 | |
| Listed by Reliance Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017