8706 LINDENDALE DR
About This Property
Inside the home, you'll find a home that is flooded with light and a living area open to the kitchen and dining area on the main level. Walk past the kitchen and you will find 3 nicely sized bedrooms and a full bath and linen closet. The lower level is a large family room with a full bath and a separate storage / exercise room. The indoor/outdoor plumbing has been updated throughout and the upstairs bathroom vanity and floor have also been updated. The kitchen sink, flooring, and granite countertops are all newer and the entry landing has been replaced, along with both toilets.
The home is situated on a quiet cul-de-sac and the lush fenced backyard offers privacy. The neighborhood is tight knit and there is a park and recreation center across the street. You'll appreciate being just blocks from Metro buses, grocery stores, major shopping, and dining centers.This home also comes with all major appliances and a 4ft. deep/18ft. diameter outdoor pool that conveys if the buyers would like it..
If you love gardening, you'll be thrilled to know that there is a raised 8'x13' garden bed, hazelnut, heartnut, paw-paw, apple, fig, apricot, mulberry, elderberry, and bamboo trees, muscadine grape and kiwi vines, strawberry, raspberry, and blackberry bushes, as well as roses, rhubarb, and mint. You'll have plenty of fresh produce and herbs to enjoy all year round.
This home also comes with a Sun-Run solar panel contract that reduces electricity bills by $15-$20/month. There is a back-up water-powered sump pump and 5500W generator in case of power outages and large storms. The home is open for one weekend only and priced to sell and ready for your customizations. Visit our open house this weekends or call for a private showing.
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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 South Laurel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017