835 Cherrystone LOOP
About This Property
The brick exterior exudes timeless charm, while modern design elements add contemporary flair. Landscaped grounds frame the property, creating an inviting first impression, enhanced by a charming covered front porch.
Inside, the open-concept living area is filled with natural light. The living room, with its contemporary ceiling fan and tasteful decor, offers a cozy yet expansive feel. Large windows along the back wall flood the space with light and provide scenic backyard views.
The heart of the home is the sleek, modern kitchen, with stainless steel appliances, a pantry, granite countertops, and a stylish tile backsplash. The island offers additional seating and is perfect for casual meals or entertaining. Adjacent to the kitchen, the dining area accommodates a large table, making it versatile for any occasion.
The owner's suite is a serene retreat located at the back of the home, offering generous space and comfort. Large windows fill the room with light and provide backyard views. The ensuite bathroom is prime for relaxation, featuring dual sinks, a glass-enclosed shower, a private water closet, and a walk-in closet.
Near the foyer are two secondary bedrooms with large windows and spacious closets. These bedrooms share a full bathroom, complete with a tub-shower combo, chic tile surround, and ample storage.
The centrally located laundry room includes built-in shelving. The home, currently in the conversion process from its model home status, features a 2-car garage with extra storage. The backyard is an oasis, with a covered patio and lush lawn offering space for play, gardening, or hosting gatherings.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2024 | In contract | - | |
| In contract | |||
| Aug 9, 2024 | Listed by Bramlett Residential | $354,900 | |
| Listed by Bramlett Residential | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017