1001 ALPINE DRIVE
About This Property
The updated kitchen (2020) showcases crisp white cabinetry, granite countertops, stainless steel appliances, and a custom-built island. Tile plank flooring runs throughout the entire home, creating a cohesive and low-maintenance interior. The living room is highlighted by a wood-burning fireplace, while the separate family room provides additional flexible space with room for a dining area, home office, or entertaining.
Both bathrooms have been updated with new vanities and tile finishes. A large laundry room offers ample storage space, and french doors lead to a screened and covered lanai overlooking the backyard.
Major system updates include a roof replacement, water heater, and HVAC system in 2019, along with fresh exterior paint completed in 2025. Two custom-built workshops, each measuring 10x14 and connected by a 17-foot breezeway, add exceptional functionality for hobbies, storage, or workspace needs.
Conveniently located near shopping, dining, medical facilities, and schools, this home also offers easy access to Highway 60, I-75, and I-4, making commuting and daily errands simple and efficient.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017