987-A WAYSON WAY
About This Property
Inside, the main level features a cozy family room with a fireplace, a formal dining room with garden views, a private office, a half bath, and a gourmet kitchen equipped with modern appliances and ample counter space-perfect for entertaining. A beautifully appointed laundry room flows into a mudroom with convenient access to the attached two-car garage, offering additional storage space.
Upstairs, the primary suite serves as a private retreat, complete with a cozy seating area, a large walk-in closet, and a spa-like ensuite bath. Three additional spacious bedrooms and a full bath complete this level. The bright walk-out lower level expands the living space, offering a kitchenette, office area, crafting table, family/recreation room, full bath, exercise area, storage closets, and an expansive workshop. Step outside to the large deck, overlooking the pool and vibrant landscape, which includes a fenced vegetable garden and large sheds for extra storage.
A paver-lined breezeway separates the main house from the detached two-car garage, which has its own private entrance leading to an upstairs, stylish suite. Ideal for extended family or as a potential accessory dwelling unit (ADU), this additional open-concept suite includes a peaceful sleeping area (the 5th bedroom noted in the listing), kitchenette, living and dining areas, and a full bath. (fourth bathroom noted in the liating) Attached to the garage is a charming garden studio-perfect for quiet moments and enhancing the serene atmosphere of the property.
Ideally located on a cul-de-sac, this estate also offers quick access to public transportation and major airports, just 26 miles from Washington, DC, 35 miles from Baltimore, and only 15 miles from Annapolis. Outdoor recreation is also nearby: Golf Course 3.2 miles, Horse Back Riding 2.1 miles, and a boat launch 3 miles. Please note, the home is located at 987A and is not visible from the road. You'll find two properties with a split-rail fence separating their driveways. The entrance to this home is at the second driveway, marked by the "For Sale" sign. Please be sure to schedule an appointment to view the property, as it's in a private location, and avoid entering the neighbor's driveway. Thank you for your understanding.
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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