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1050 Crystal Forest Drive
About This Property
The kitchen is equipped with premium appliances, including Wolf appliances and a Sub-Zero refrigerator. Throughout the home, electric blinds are operated by remote control, and the living room features a motorized TV mount that lowers to the ideal viewing height with the touch of a button.
Seamless indoor-outdoor living is made possible by vanishing sliding glass doors in the living room that fully retract into the walls, opening the space to the deck for expanded entertaining. The deck showcases modern glass railings and a motorized drop-down screen to keep bugs out in the evening while you relax, watch TV, or enjoy the warmth of the outdoor fireplace.
The primary bathroom includes dual vanities, an electric bidet toilet system, and a spacious closet with custom cabinetry. Every bedroom closet in the home also features built-in cabinetry with drawers for enhanced organization.
The lower level is designed for entertaining, offering a bar area with leathered Titanium granite countertops, a two-drawer dishwasher, wine cooler, and ice maker. This level also includes a living room, two bedrooms, and a versatile fourth room that can be used as an office, home gym, movie room, or additional sleeping space depending on your family's needs. Durable LVP flooring throughout the basement provides easy maintenance, especially after enjoying time at the lake.
Outside, the grilling porch is equipped with a Yoder 1500-square-inch pellet smoker and a Santa Maria wood-fired grill, creating the perfect outdoor cooking setup. Additional features include a whole-house generator, saltwater filtration system, and a tankless water heater. The main-level flooring is beautiful wormy chestnut oak, adding warmth and character to the home.
Down by the water, the double-slip dock includes an upper sun deck and a storage room, completing this exceptional property designed for both luxury living and lakefront enjoyment.
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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