8408 BATES DR
About This Property
As you step inside, you'll be greeted by an abundance of natural light that illuminates the gleaming hardwood floors on the main level. The elegant living room with a charming bay window and elegant dining room offer generously sized formal entertaining spaces. The kitchen is a chef's dream, with new quartz countertops, new sink and new stainless steel appliances that shine in their new space. Flowing from the kitchen/breakfast area, the step down spacious family room with tall ceilings is highlighted by a wood-burning fireplace and a ceiling fan. The entire interior has been freshly painted from top to bottom and new light fixtures throughout. In the refreshed upper level, you'll find updated rooms and cozy new carpet. The peaceful master bedroom retreat suite with vaulted ceilings and an abundance of closet space is sure to delight. Relax and unwind in the master bath with a dual sink vanity, separate shower and soaking tub. Three additional bright and spacious bedrooms, each with generous closet space, share the hall bath.
Additional features include a water heater installed in 2022, a newer roof from 2020. The expansive fully finished recreation room with new LVP flooring, a full third bath and walkout stairs offers endless possibilities for entertainment and relaxation.
The exterior of the home is equally impressive, with a brick front with trim that has been freshly painted and new light fixtures that add to its curb appeal. The .27 acre yard provides plenty of space for outdoor activities and backs to serene trees, offering a tranquil setting.
Don't miss the opportunity to make this exceptional property your own. Schedule a showing today and experience the beauty and comfort that this home in Springfield Manor has to offer.
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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%.
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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 Glenn Dale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017