7368 Hoyt Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 4, 2024 | Sold | ||
| Sold | |||
| Jun 1, 2024 | Listed by Keller Williams Realty Cary | $659,000 | |
| Listed by Keller Williams Realty Cary | |||
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Look no further than 7368 Hoyt Road; impeccably maintained by its original owners and brilliantly updated to blend style and function. This classic brick ranch home provides ample interior living space in the main house, a BONUS recreation room off the 2-car garage, and a second oversized 2-car garage located on the back of the property-perfect for storage of recreational equipment, multiple cars, and more! This home boasts a large, central living room with a cathedral ceiling and gas log brick fireplace, as well as a beautifully updated kitchen with custom white cabinets with soft-close drawers, granite countertops, tile backsplash, Bosch stainless-steel appliances including a double, built-in oven, dishwasher, 5-burner gas range, hood, and Sharp microwave drawer, and finally a walk-in pantry. Entertaining here will be no problem, with a formal dining room off the kitchen for memorable meals and a lovely sunroom with a western red cedar ceiling and ductless heating & cooling for year-round enjoyment. The master suite is independently set in its own private wing of the home, and features a large walk-in closet, built-in bookshelves and bench, and a tranquil bathroom with a tile-walk-in shower, jetted tub, private water closet, and double vanity with built-in cherry-wood cabinetry for ample storage. The other wing of the home encompasses three bedrooms and a full bathroom with a tub/shower combo. Other impressive features include hardwoods throughout the foyer, kitchen, and dining room, a large laundry room with a laundry sink, a central vacuum system, and floored attic space for additional storage. Nestled on 1.98 acres, this property has a sizable fenced backyard with the perfect amount of trees and expert landscaping featuring flowering trees and shrubs for year-round beauty. Since being built, the home has been occupied by its original owners, so it is move-in ready with a 30-year roof installed in 2010, new Trane HVAC in 2023, new water heater and crawlspace dehumidifier in 2024, fresh paint in the kitchen, pantry, laundry room, and guest beds in 2024, Anderson Replacement windows on all exterior windows, and a Pella entry door installed in 2024, among many other incredible updates. The next beautiful chapter of your life awaits; welcome home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017