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8372 SWEET CHERRY LANE
About This Property
This spacious residence offers 4 bedrooms, 3.5 bathrooms thoughtfully distributed across all three levels, including a convenient half bath on the main level, a 2-car garage, and a finished lower level with a full bath and flexible space that may serve as a guest or sleeping area (buyer to verify).
Recent improvements include fresh paint, updated flooring, and thoughtful updates throughout, creating a move-in ready opportunity for the next owner. The main level features generous living spaces, an updated kitchen, and an ideal layout for both everyday living and entertaining.
Outside, you'll find exceptional curb appeal with Hardie Plank siding, a spacious deck, and a covered outdoor entertaining area overlooking the backyard. The highlight of the property is the private backyard retreat, featuring an in-ground heated pool, expansive patio space, and plenty of room to relax, entertain, and enjoy the summer months.
Adding even more value, the home includes a fully owned solar energy system that conveys free and clear to the new owner. Producing over 10,000 kilowatt-hours of electricity annually, it provides approximately $2,000 in yearly energy savings with no lease or loan payments, helping reduce utility costs from day one.
Conveniently located near shopping, dining, major commuter routes, and just minutes from Rocky Gorge Reservoir, offering easy access to hiking, fishing, kayaking, and miles of scenic outdoor recreation, this home combines everyday convenience with an exceptional lifestyle.
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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