8814 YELLOW SPRINGS RD
About This Property
The main level has 10' ceilings, a great room with coffered ceiling trim design, a beautiful stone facade wood-burning fireplace, an open gourmet kitchen with 11' granite island, stainless steel appliances with gas cooking surface, cabinets with soft-close doors and slide-out shelving, and a large cabinet for heavy cooking appliances. The home chefs will appreciate the storage of the walk-in pantry and a butler's pantry with a sink, extra cabinets and a beverage refrigerator. The front sitting room has front and side views overlooking the wrap porch. The back office has eastern views and private deck access. The main level full bathroom has tile floors and walls. There is an entryway bench with hooks and cubbies for easy organization conveniently located just off the garage. Walk outside from the main level to an unbelievable screened porch with a stone fireplace, plus an additional two decks for outdoor dining, deck gardening and relaxing. Screening under the decking helps to minimize potential bugs. The upper level has 10' ceilings and includes four bedrooms, all with walk-in closets and full bathrooms, and a tiled laundry room with two closets and a utility sink. The owner's bedroom has a tray ceiling, a sitting area to appreciate the views, and two separate closets with pocket doors. The spacious luxury bath has tons of natural light, two vanities, a garden tub and a large walk-in shower with multiple fixtures. The lower level is fully finished with all ceramic tile floors and 12' ceilings! The stone fireplace adds extra warmth to the huge rec room area with wet bar rough-in, a second laundry/utility room, full bathroom, lower level office/den, exercise room, etc. Note the huge storage room with heaters under the front porch, as well as the side garage for extra cars, tools or toys.
Walk outside to the full length covered patio area with stone-wrapped columns overlooking your sprawling, private backyard with stream access and a footbridge to a peaceful spot to enjoy nature. Currently under construction is an 1800 sq ft 2-story, detached garage. This garage will have insulated overhead doors and a loft room for extra storage. When complete, this property will have a total of 5 garage bays for the avid car enthusiast.
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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