5603 WAYCREST LN
About This Property
Available for only the 3rd time in 75 years, this painted brick colonial overlooking a private, professionally landscaped yard epitomizes timeless elegance updated for modern living. Located on a secluded cul de sac in the desirable Poplar Hill neighborhood, this rare gem is only minutes from schools, restaurants, shops and other neighborhood amenities. Expert workmanship and the finest materials extend from the marble floored entry hall with rope molding to the luxe kitchen with high-end appliances and ceiling-height custom cabinetry. The floor plan offers a warm flow from one room to the next and is perfect for grand entertaining or comfortable family living with plenty of private spaces. A bright breakfast/family room off the kitchen, large stone-floored sunroom and a cozy den with fireplace are among the special main floor features. Up the main or back stairs, you'll discover a primary bedroom wing complete with full bath and dressing room along with 4 additional bedrooms and 3 additional full baths. This home boasts plenty of closet and storage space including a full attic. The basement includes a large family room that could also be used as an office or workout space. The picture of refinement and grace, 5603 Waycrest Lane is ready for its next owners to enjoy.
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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