8971 LIGHT STREET
About This Property
Upscale, custom-built Cushwa solid brick rancher set on 1.86 beautifully maintained acres. This exceptional home offers a thoughtfully designed layout with split bedrooms, 9-foot ceilings, and heated ceramic tile flooring and upgraded carpet throughout the main living areas --combining comfort, quality, and timeless design.
The heart of the home is the gourmet kitchen, updated in 2015, featuring quartz countertops, a stone and glass backsplash, and premium stainless steel appliances--ideal for both everyday living and entertaining. The living spaces flow effortlessly outdoors to a spacious covered patio overlooking a meticulously manicured, tree-lined lawn. The patio is wired for a hot tub, creating the perfect extension of the home for relaxing or hosting guests.
The primary suite is a true retreat, complete with a tray ceiling, new carpet, dual closets, and a luxurious en-suite bath with a walk-in shower, jetted soaking tub, and dual vanities. Private access from the primary suite to the covered patio adds to the sense of comfort and retreat. An additional bedroom or home office and a full hall bath--with convenient exterior access from the patio for guests--are located on this wing of the home. Two additional bedrooms and a full bath are situated on the opposite side, offering privacy and flexibility.
Anderson double-pane windows and sliding doors are found throughout the home. A two-car garage and a 24x24 outbuilding with stone flooring provide ample space for storage, hobbies, or workshop use.
In addition to its exceptional design and condition, the home has been meticulously maintained with all major systems already completed for peace of mind. Recent updates include a new roof, gutters and downspouts, regularly resealed driveway, regularly updated landscaping and lawn care, new water heater, new propane boiler, with 1,000-gallon underground tank, new outdoor A/C unit, new air handler, new ductwork, new water softener system, and new UV bulb. *See attached list of full upgrades and improvements*
This is a rare opportunity to own a beautifully crafted, move-in ready home where quality construction, thoughtful updates, and pride of ownership are evident throughout.
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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