7507 RED HILL DR
About This Property
This stunning brick-front single-family colonial home immediately catches the eye with its striking curb appeal. Inside, you'll find 9-foot ceilings on all floors, creating an open and airy ambiance. The home offers four bedrooms, four full bathrooms, and one half-bath. The large master suite features two generous walk-in closets.
The spacious open-concept kitchen features labradorite blue granite countertops and stainless steel appliances, including a brand-new dishwasher, built-in over-the-range microwave, and refrigerator. Both the washer and dryer are also brand new. Notably, both the microwave duct and cooktop duct vent outside, ensuring clean and safe air.
This property offers several additional spaces that enhance its functionality and appeal. These include an office, sunroom, living room, and family room on the main level. The large fully-finished basement features multiple rooms suitable for various recreational activities, along with a full bathroom equipped with a sitting bench and safety grab bar. While there is no wet bar, the property has a wet bar rough-in (including drain pipes and water pipes) as well as two reserved circuitry, making it easy to construct a wet bar if desired.
The backyard features two beautiful cherry blossom trees and three fruit trees, including apricot, pear, and persimmon. These trees not only add natural beauty but also provide the joy of seasonal blossoms and delicious fruits. In the front garden, a variety of plants bloom from early Spring to late Fall, creating a vibrant and colorful landscape. The automatic sprinkler irrigation system ensures hassle-free watering and keeps the greenery thriving.
Here is a summary of additional features and upgrades in the property. The upgraded roof was replaced in September 2022. A pull-down ladder has been installed for easy access to the attic. Hardwood floors grace both the main level and basement. This house is designed for comfort and energy efficiency, featuring a dual-unit HVAC system, motion sensor lights, ceiling fans, blackout curtains, and double-cell honeycomb shades. A whole-house humidifier system and recessed lights enhance the overall ambiance.
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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 South Run
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017