111 Bayside DRIVE
About This Property
Embrace luxury and comfort in this custom-built 2,050 sq. ft. home on a sprawling 16,000 sq. ft. corner lot in the tranquil Indian Trails neighborhood. This meticulously maintained property features four bedrooms, three bathrooms, and high-end finishes. The 2019-renovated kitchen boasts granite countertops and a double oven, while the living spaces shine with new tile and carpet.
Energy efficiency is paramount with a newly installed water heater (2022), Roof replaced(2022) & updated HVAC system (2016). Enjoy a landscaped yard, oversized garage, and screened-in lanai, perfect for Florida living. The Kinetico Water Softener System installed in (2019) for the house water from the county, alongside a reconditioned well with a new pump in 2020 for the irrigation.
Minutes from beaches, schools, and shopping-this home isn't just a residence; it's a lifestyle. Ready for sophisticated buyers seeking elegance and convenience.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 30, 2024 | Sold | ||
| Sold | |||
| Jul 22, 2024 | In contract | - | |
| In contract | |||
| Jun 4, 2024 | Price Decreased |
$429,000
↓ $20K
(4.5%) | |
| Price Decreased | |||
| Apr 26, 2024 | Price Decreased |
$449,000
↓ $26K
(5.5%) | |
| Price Decreased | |||
| Feb 28, 2024 | Listed by ENDLESS SUMMER REALTY | $475,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017