7395 CHERRY WALK ROAD
About This Property
This elegant smart home is situated on 1.95 acres and features a 30 x 50 pole barn. The residence offers hardwood flooring throughout much of the home, three spacious bedrooms-including a primary suite with a soaking tub, separate tiled shower, and a large walk-in closet. The custom kitchen is equipped with upgraded cabinetry and appliances, complemented by a formal dining room on the main level. Upstairs, a finished bonus room provides flexible space for a fourth-bedroom or creative work area, with additional floored attic storage.
Notable upgrades include tile and hardwood flooring, skylights, cathedral ceilings, a gas fireplace, and a generous rear deck. The property also includes an oversized pole shed. Leased solar panels on the garage and rear roof deliver significant energy savings and will be transferred to the new owner. A recently installed ductless HVAC unit ensures comfort in the upstairs bonus room.
The home offers privacy and peaceful country living. Summer photos also included with the list show the classy landscape and lush front lawn. Smaller structure on the deck does not convey. See documents for details.
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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