809 Sunset Road
About This Property
You can move right in as this home has been recently updated with exquisite finishes. Interior highlights include stunning blue quartzite countertops, natural gas stainless steel Thermador cooktop stove, ultra-quiet dishwasher, partial impact windows and doors, neutral color porcelain tile floors and a vaulted ceiling kitchen. The open flow split floor plan are a perfect blend of style and function with the gourmet chefs kitchen in the front of the home and wide open living spaces along the back. In addition to the 3 generous sized bedrooms, an interior laundry room with overflow pantry and an office that can be a 4th bedroom add to the unique qualities this home offer. Outside, discover your own private oasis in the oversized fenced-in backyard, lush with verdant foliage and perfect for entertaining or simply unwinding in seclusion and a new sprinkler system. Walls of mature tropical Areca palms frame in the back yard creating a total sense of seclusion. A unique gravel side yard suitable for a boat, trailer or RV add to the usable space of this 10,210 sq foot lot. Other recent features and upgrades include an entire new AC system (2023), new tankless on-demand hot water heater and pre-wired for generator. Chapel Hill is ideally located near multiple parks, walking / hiking nature trails, fresh water lakes, pet friendly parks and only 2.5 miles from the ocean and beach and under 3 miles to Atlantic Avenue.
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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 Chapel Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017