8010 MEADOWVIEW DRIVE
About This Property
The heart of the home is the kitchen, featuring wood cabinets, new appliances, a white tile backsplash, and white quartz countertops. Beautifully refinished hardwood floors run throughout the main level. An opened brick wall connects the dining and family rooms, creating an inviting open layout perfect for gatherings. Recessed lighting installed on the main level enhances the bright, airy feel.
The main-level primary suite offers a spacious walk-in closet and luxurious en-suite, while three additional bedrooms plus a versatile fourth room, ideal for an office, provide plenty of space for family or guests. A full remodel of the hall bathroom in 2024 includes handmade tile in the shower, custom stone floors, and high-end finishes.
Step outside to a concrete patio that extends the screened porch with vaulted ceilings - a perfect space for relaxing or entertaining. The backyard is fully fenced, with a new Pella all-wood sliding door with shades providing seamless indoor-outdoor flow. The home is wired throughout for a whole-house audio system, and also includes a home security system (2024) and a new hot water heater (2024). The lower level features a kitchenette with a new ceramic sink and faucet, additional hang space, two storage rooms, and a potential fifth bedroom.
Additional highlights include a brand-new 50-year warranty roof with oversized gutters and leaf guards, refinished exposed brick, and refinished hardwoods throughout. Clover Hill offers community amenities including a pool, baseball and basketball courts, walking trails, clubhouse, and pavilion - all just minutes from downtown. With designer touches throughout, mid-century style, and carefully executed updates, this home is turnkey and truly one-of-a-kind.
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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%.
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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 Frederick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017