57 Red Trillium Ridge
About This Property
The house sits to the left of center of this one acre lot giving plenty of space to the right to create your own landscape design. The garden setting behind the home will provide a peaceful retreat....
Upon entering, you're going to love this open floor plan with several entertainment opportunities. Prepare a meal in the kitchen and still see the football game on TV over the wood burning FP, while visiting with guests seated at the kitchen counter, great room or out on the EZ Breeze porch. Main level has two bedroom suites at opposite ends of the house providing greater privacy - both bedrooms open out to large decks. Custom closets in each BR. Laundry, guest half bath and garage access complete this level of the home....
Be sure to step out onto the grilling deck - doubled in length since home first built, and recently replaced with Timber Tech - look down to the extensive gardens below.... Step over to the master BR and notice the owner's Zen deck as well - peaceful setting. In between these is the screened porch with EZ Breeze windows and gas log FP....
As you descend to the terrace level you'll enter the family room with the third FP (gas logs). Here you'll find two bedroom suites, one with barn door, an office, cedar closet and space for a pool table - currently used as table for puzzles, games, etc. Large storage area, perfect for workout area, if desired....
Throw open the French doors to the stone patio. Have a seat by the fire pit and admire the gardens, cascading waterfall and pond. Or soak in the hot tub which remains with the home. Notice the under-decking above you which protects you from any rain. The fenced-in garden is a delight to the senses - colors and fragrances and the sound of flowing water create a soothing ambiance while relaxing in the sitting area. Roses, azaleas, hydrangeas, hostas galore! Home exterior and interior recently painted. Some furnishings available under separate Bill of Sale. Fire pit and hot tub remain with the home as do outdoor storage bins.
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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