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1212 RUSSELL DRIVE
About This Property
Nearly every major component of the home has been updated, including a brand new roof on all structures, new luxury vinyl plank flooring, new interior paint, new countertops, new cabinetry, and a completely redesigned kitchen featuring high-end upgraded appliances, moisture-resistant soft-close cabinetry, and pull-out drawers that blend beauty with functionality. Realtors and buyers alike will appreciate the attention to detail and care that went into every decision - this was never a quick flip or fixer-upper project.
Additional upgrades include replumbing in 2018, water heater in 2018, new AC ducts in 2018, AC system replaced in 2019, attic insulation in 2019, and window tint added in 2019 for enhanced efficiency and comfort.
Outside is where this property truly sets itself apart. Enjoy peaceful water views of Peach Lake from your backyard gazebo - the only gazebo permitted in the entire community. The gazebo was also rehabbed and made to last for many many years. The outdoor space offers incredible flexibility with a spacious back patio area and bonus rear spaces full of potential for entertaining, relaxing, hobbies, or additional creative use. There's even a producing blackberry bush in the backyard adding a little extra charm and character to the property.
Homes like this rarely come along - thoughtfully renovated, move-in ready, full of personality, and unlike anything else in the neighborhood. Come experience the sunsets, the upgrades, and the lifestyle for yourself.
Realtors - please be sure to check Realtor Remarks for additional information.
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Cap Rate Calculator
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