518 NORTON LANE
About This Property
Welcome to 518 Norton Ln in the desirable Foxmoor community of Arnold! This beautifully cared-for 3-bedroom, 2.5-bath home blends timeless charm with smart updates made over the past 10 years. The main level features hardwood floors, a dedicated dining room, and an updated kitchen with brand-new Carrara quartz countertops. Off the kitchen is a cozy family room that leads directly to the back deck-perfect for entertaining or relaxing with wooded views.
The stunning great room steals the show with its floor-to-ceiling brick fireplace, vaulted ceiling, and skylights, filling the space with natural light. A bonus loft overlooks the great room and makes the perfect office, play area, or quiet retreat. All bedrooms are generously sized with walk-in closets.
Recent improvements include: roof, windows, siding, gutter guards, driveway, Pella slider, and storm door. The home is wired for a generator, includes a screened porch and storage shed, and has been maintained with pride. Located in a quiet, established neighborhood with access to Broadneck schools, shopping, commuter routes, and more. Move-in ready and full of character-this one is not to be missed!
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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