6840 SADDLE RUN WAY
About This Property
The main level, adorned with new (2023) hardwood floors, features vaulted ceilings that create an airy ambiance, perfect for private living, casual entertaining, or formal gatherings. The delightful kitchen, with its white cabinetry, center island, pantry, ceramic tiled floor, and sun-filled bay window breakfast area, is ideal for enjoying a morning cup of tea.
The spacious master bedroom is a tranquil retreat with its vaulted ceiling, multiple windows overlooking the woods, walk-in closets, and a private bath. The upgraded bathroom includes new cabinetry, granite countertops, new fixtures, and a modern tiled and glass shower enclosure.
This home offers ample space for everyone, with two generous guest bedrooms on the main floor and a third bedroom with an adjacent full bath in the loft. The basement features a large family/recreation room (30'x15'), a half bath, and three storage areas with shelving.
Enjoy the warmth of the sun and an evening refreshment on the expansive west-facing screened porch (28'x15') that overlooks the wooded common area. This home boasts numerous upgrades and is ready for its new owner.
Additional features include a two-car garage, a newer roof (2019), a newer hot water heater (2022), a newer HVAC system, an extensive air exchanger, an electronic air scrubber and purifier system, several ceiling fans, recessed lighting, a central vacuum system, a power surge protector, main level laundry, an irrigation system, and a basement mud sink and workshop area.
This is an Active Adult community. Anyone can purchase, but to live in the community, one permanent resident must be age 55 or older and no children under age 18 may live in the community (visits only) ) Lots of upgrades in this home!!
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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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About Heritage Hunt
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017