11477 81st PLACE
About This Property
As you approach, the freshly landscaped exterior extends a warm welcome, setting the stage for what awaits inside. Step across the threshold, and you'll be embraced by the inviting ambiance created by the rich, faux wood laminate flooring that not only radiates a sense of durability but also imparts a cozy embrace. This durable and stylish choice enhances the home's coziness, which is further elevated by the presence of the butcher block countertop and tasteful shaker cabinets. Sunlight dances through the charming plantation shutters gracing the front-facing windows, adding a touch of character to this delightful abode. You'll be pleased to know that the windows were thoughtfully replaced in 2019, ensuring both aesthetic appeal and energy efficiency for years to come!.
The bathroom offers a tub/shower combo and has been tastefully updated to today's standards. In the bathroom, a thoughtfully placed window allows for an abundance of natural light, really bringing serenity to the space. Both bedrooms provide ample closet space and feature ceiling fan/light combos to keep you comfortable year-round.
As you make your way outback through the dual pane sliding glass door, you will step foot into the ultimate covered lanai! Equipped with power outlets, a passthrough window, and a bar top perfect for days spent lounging around or entertaining. It truly maximizes the indoor/outdoor livable space this home offers. The yard is completely fenced in and includes a firepit. If that's not enough, the tropical foliage was added with the intent of a "it's 5 o'clock somewhere" vibe, creating a haven for unwinding and savoring life's simple pleasures. Per sellers, Electrical panel updated 2019, A/C 2015, Water heater 2018, Roof 2013. The a/c has been routinely maintained twice a year to ensure the integrity of the system. Washer/Dryer are included. This home embodies not just charm, but also peace of mind, with its thoughtfully updated features and serene outdoor haven. Don't miss your opportunity to make this your forever retreat!
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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