7409 MASTERS DR
About This Property
Upstairs are five generous bedrooms, including a primary suite with an ensuite bath with soaking tub and separate shower, four closets (two walk-in) and a bonus dressing area/vanity with an additional sink. Walk-up access to the 1,000sqft attic is also located in the primary suite. One of the additional four bedrooms on this level also has an ensuite bath with shower, and there is a spacious hall bath with dual vanity and tub.
The lower level is a recreational paradise with high ceilings and plenty of space to play in the main rec room. In addition, there is a top quality and spacious gym, and a wine cellar.
This special home sits on over a third of an acre that features a beautifully landscaped/hardscaped rear yard with a covered terrace seating area just outside the family room and a built in firepit. 7409 Masters is one of the first homes constructed in River Falls in 1968 and is part of a wonderful community known throughout the area for its fantastic neighborhood amenities (pool, tennis, summer camp, and more) and its stellar community spirit. Welcome 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.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017