607 Timbers Crossing
About This Property
The main home offers a spacious layout with engineered hardwood flooring, vaulted ceilings, and a gas fireplace in the living room. The kitchen opens to a casual eat-in area, providing a functional space for everyday dining, while a separate dining area is located just off the main living room for more formal gatherings. The primary suite features ample natural light, dual closets, and an ensuite bathroom with double vanities. Three additional guest bedrooms and a full bathroom complete the main residence.
The guest suite, constructed in 2009, showcases updated finishes including white shaker cabinetry, granite countertops, a subway tile backsplash, stainless steel appliances, luxury vinyl plank flooring, recessed lighting, and a well-appointed bathroom with a sliding barn door. Its private walkway and entrance provide added convenience and privacy.
The interior of the main home has been freshly painted. Situated on a fully fenced lot, the property includes a large, covered patio (14x31), perfect for outdoor enjoyment and shaded relaxation.
Located in the quiet Timbers community, you will enjoy convenient access to local parks, shopping, and dining. Nearby amenities include A.L. Kinsaul Park, Sharon J. Sheffield Park, Cain Griffin Park, and the Rails to Trails walking path just steps away. Grocery stores, including Walmart and Publix, are less than a mile away. The home is also located in Flood Zone X, meaning flood insurance is not required. This is a rare opportunity to own a flexible property with strong potential in a desirable location. Schedule your private showing today.
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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