6120 Serene Run
About This Property
Serene Run is a small community with only 42 homes with NO zero lot lines. The outside of this home has plenty of front and back yard space with lush landscaping for privacy. A large fully fenced in backyard with a newer screened in patio, 2 sheds for storage, swing set/playground, zoned irrigation on well water to keep the water bill low, complete hurricane panels, and a generator hook up.
This home has it all from a formal living room with custom built-ins, custom decorative built electric fire place, family room, and an office/den. The split floor plan features a potential in-law suite that you have to see to appreciate. Great kitchen for entertaining that features custom built cabinets with slide out storage, a gas range/oven, granite countertops, glass tile backsplash, and under cabinet lighting.
Other features included are: new AC (2021), water heater (2018), newer kitchen appliances, tile flooring on diagonal throughout, large baseboards, knockdown ceilings, ceiling fans, freshly painted inside and out.
Conveniently located close to the turnpike, restaurants, shops, parks, and great school district.
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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.
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About Lexington Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$8,700 /mo
- 4 Beds
- 4 Baths
- 3,908 ft²
$3,200 /mo
- 3 Beds
- 2 Baths
- 1,598 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017