50
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8940 Ellis St
About This Property
The main level is thoughtfully designed with an open-concept layout, abundant natural light, seamlessly flowing between living spaces. The kitchen serves as the centerpiece, complete with granite countertops, a large island, walk-in pantry, & stainless steel appliance, with double ovens. Easy access to the backyard enhances indoor/outdoor living, while the private main-floor office with French doors provides an ideal workspace. Clean finishes & well-proportioned rooms create a comfortable and cohesive feel throughout. Upstairs, a highly desirable configuration includes four true bedrooms & convenient laundry. The primary suite offers a relaxing retreat with generous space, dual vanities, walk-in shower, & private water closet. Secondary bedrooms are well-sized with ample closet space & natural light. The basement adds valuable versatility with a spacious rec room, conforming bedroom, & full bath-well-suited for guests, extended living, or additional entertaining space-while still offering room for storage. Set on a nearly 10,000 sqft fully fenced, level lot, outdoor space is both functional and inviting-ideal for everyday enjoyment including gardening, firepit large, and patio. Finished, tandem 3 car garage provides additional storage. 6 kW Solar! Residents of Whisper Creek enjoy access to community amenities including pool, tennis/pickleball courts, clubhouse, parks, & miles of trails, all within close proximity to highly regarded Ralston Valley High School. Clean, well-cared for, & offering a rare combination of bedroom count, layout, & lot size in this price range, this listing is a must see!
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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