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8053 TIMBERLAKE AVENUE
About This Property
From the moment you step inside, you'll appreciate the spacious and functional layout. The foyer welcomes you with a formal living room to the left and a formal dining room to the right. This home features a true split-bedroom floor plan, offering added privacy with the primary suite on the left side of the home and the two additional bedrooms on the opposite side.
The spacious great room features vaulted ceilings and flows seamlessly into the tiled kitchen and breakfast nook. The kitchen offers a breakfast bar and plenty of cabinet and counter space for everyday living and entertaining.
The primary suite is a relaxing retreat with dual walk-in closets, dual vanities, a garden tub, and a separate walk-in shower. Both secondary bedrooms also feature walk-in closets, providing plenty of storage.
Additional highlights include an inside laundry room, paneled interior doors, attic storage, ceiling fans throughout, and a fully fenced backyard that's perfect for kids, pets, or entertaining. Don't miss this opportunity to own a well-designed home with a seller-paid roof credit, allowing you to update the roof on your own timeline while adding value to your investment.
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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.
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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017