7990 NE 176th AVENUE
About This Property
Step inside to find a home that has been thoughtfully renovated from top to bottom. The chef's kitchen features top-of-the-line appliances and a 12 foot quartz island - perfect for meal prep or entertaining. The living room is cozy yet spacious with a charming wood-burning fireplace. A bonus room offers tons of extra space: ideal for movie nights, plus contains a home office and a massive pantry.
The primary suite is a true retreat, with a spa-like bath surrounded by marble, including a soaker tub, a rain shower head, and luxurious finishes throughout. The suite also has an additional room for a home office, nursery, craft room-endless possibilities!
Outside, the outbuilding is a standout feature, with a carport, workshop, and a massive storage room complete with shelving up to the ceiling. Approximately 3.5 acres of the property are fenced, ideal for pets, and the land is mostly wooded with beautiful mature oak trees.
For the gardener, there's a chicken coop, raised bed garden with irrigation, plus a playhouse, swing set, and sandbox for the kids. The property also offers the potential to be divided into two separate parcels, providing the option to build an additional home.
Solar power provides electricity during the day to greatly improve your utility bills, plus a new wiring system with a distribution switch is ready to receive your generator. With tasteful design throughout and the highest quality, this home offers the perfect combination of luxury, function, and privacy. The upgrades and added features are too numerous to mention all of them here. Please see added flyer with a more detailed list of improvements. Don't miss your chance to own this one-of-a-kind 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017