5496 Timber Ridge Dr
About This Property
The updates are everywhere: fresh interior and exterior paint, new flooring, newer carpet, painted cabinets, doors and trim, and updated lighting. The kitchen shines with granite countertops and a stylish backsplash plus stainless steel appliances and an island.
The home flows beautifully. The main level has gorgeous floors, a huge family room with a wood stove, and tons of windows that fill every room with light and views of the property. The main-level primary suite has its own luxurious updated 3/4 bath plus a wood fireplace and great windows! There's a half bath on the main level too. A spiral staircase leads to a lofty upper level with two bedrooms, a 3/4 bath, and a deck off one bedroom with its own stairs down outside. The finished basement adds a big open space, a 3/4 bath, and a room perfect for an office or non-conforming bedroom. It's a gym today, but it could be anything you need.
Outside is where this property truly comes alive. Relax on the extended, partially covered Trex deck with a hot tub, barbecue area and built-in fire pit. A huge pergola stretches over the driveway at the attached 3-car garage. Need more room? There's an oversized detached 3-car garage plus two drive-through carports for all your toys. Bring the horses too: a two-stall barn with fenced pens and runs is ready and waiting. Fully fenced and landscaped with a gated entry, this is the private Colorado retreat you've been looking for!
Gated entry. Long private drive through the trees. 4.17 acres at the end of a cul-de-sac. Open meadows, fully fenced, bring your toys, bring your horses- the options are endless! OPEN HOUSE 10/17 12PM TO 3PM!
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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