8140 Stetson Rd
About This Property
Built in 1974 and meticulously cared for by the original owner, this home showcases quality construction and enduring design. While interior updates are an open invitation, recent exterior enhancements include a new roof (23), cement board siding (14) , and Pella windows (96). The core of the home remains strong, offering a promising canvas for personalization.
Step through the charming French front doors and enter a space that beckons transformation. With soaring vaulted ceilings and floor-to-ceiling windows, this home radiates character, a rarity in today's "cookie-cutter" houses.
Strategically positioned within the rolling hills and mature ponderosa pines, the property offers breathtaking views from the expansive deck with a built-in hot tub, as well as a private deck off the primary bedroom. Boasting four bedrooms, four bathrooms, and two additional non-conforming bedrooms, space will never be a concern.
Noteworthy features include a bonus workshop bridging the garage and house, a spacious 2-car garage, a covered carport with built-in storage, a walk-out basement, forced air heating, central air conditioning, a wood-burning fireplace, and sprinkler systems in both front and back yards.
Elevate your lifestyle with the convenience of The Pinery's amenities and the nearby attractions of Bingham Lake, Lakeshore Park, and The Pinery Country Club.
Don't miss this renewed opportunity to make this home your own or as a savvy 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017