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516 RUXTON DRIVE
About This Property
Inside, refinished oak hardwood floors run through the living room, dining room, and main-level bedroom wing. The living room features a stone-faced gas fireplace and a wide bank of windows that brings in great natural light. The dining room connects through a cased opening and includes a built-in buffet, adding both charm and function.
The kitchen features full-overlay cherry cabinets, quartz counters, a green and gray glass-tile backsplash, stainless refrigerator, smooth-top range, peninsula seating, and an additional breakfast bar. A glass door leads directly to the back deck, making indoor-outdoor living easy.
The main level includes three bedrooms, all with hardwood floors and ceiling fans. The primary bedroom features a private bath with a tile walk-in shower, frameless glass door, and built-in bench. The hall bath includes a deep soaking tub with a curved rod and coordinating tile finish. A cedar-lined closet off the hallway adds excellent seasonal storage.
The lower level offers a true second living space with a carpeted rec room, recessed lighting, brick wood-burning fireplace with brass doors, and a built-in bar with seating for four. A separate area is currently used as a home gym. This level also includes a half bath, utility room with tankless water heater, and walkout side entrance to the yard.
The three-season room spans the rear of the home with sliders on three sides, indoor-outdoor carpet, and a ceiling fan. Outside, the composite deck stretches across the back of the home and leads to a brick paver patio overlooking the mostly flat lawn and wooded backdrop.
Additional features include a two-car attached garage and a long asphalt driveway with room for additional parking. Located in the Brandywine School District with easy access to I-95, Concord Pike, Marsh Road, downtown Wilmington, the Pennsylvania line, and Philadelphia International Airport.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017