7100 Magenta LN
About This Property
A spacious home office with big windows situated off the entry for a touch of extra privacy. Across the way, also off entry, the formal dining room features custom backlit crown molding and double doors that provide convenient access to the kitchen.
The great room boasts arched entryways, crown molding, plantation shutters, and modern upgrades like a sleek tile surround gas log fireplace. Built-in bookshelves and drawers offer bonus storage.
The updated kitchen is open to the great room, as well as the eat-in dining area, and features crisp white cabinets, upgraded black hardware, a modern black island, a classy tile backsplash, and quartz countertops. A large center island and butler's pantry make it perfect for entertaining. Also on the main floor, a large half bath and a big laundry room.
The oversized primary suite on the main floor offers high-vaulted ceilings, a huge walk-in closet, and a renovated ensuite bathroom with dual vanities, a jacuzzi soaking tub, and a separate walk-in shower.
Upstairs, a spacious second-story living area, four bedrooms, and two additional full baths. The split layout provides separation between guests and children. Out back, covered patio space for lounging and dining, and plenty of yard space.
Tandem 3-car garage with drop ceiling storage racks and a utility sink. Easy walk to Clayton Elementary and one of four pools in Circle C Ranch.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2024 | In contract | - | |
| In contract | |||
| Jun 27, 2024 | Price Decreased |
$949,900
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Jun 12, 2024 | Price Decreased |
$974,900
↓ $25K
(2.5%) | |
| Price Decreased | |||
| May 30, 2024 | Price Decreased |
$999,900
↓ $25K
(2.4%) | |
| Price Decreased | |||
| May 16, 2024 | Price Decreased |
$1,024,900
↓ $40K
(3.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017