12933 OLIVINE WAY
About This Property
The home features three generous bedrooms, complemented by a versatile lower-level bonus room and three and a half beautifully appointed baths. Throughout the main level, a graceful mix of rich hardwoods and soft textures is illuminated by a blend of designer chandeliers and subtle recessed lighting, creating a warm, polished ambiance from the moment you step inside. At the center of the home, the chef-inspired kitchen boasts sleek granite countertops and premium stainless steel appliances, flowing seamlessly into the living areas and featuring a covered entrance to be able to unload groceries with ease. Whether you're unwinding by one of the two wood-burning fireplaces or retreating to the dedicated home office, every corner of this house feels intentional.
The MAIN LEVEL primary suite serves as a true sanctuary, featuring a spacious walk-in closet and a private ensuite bath. Upstairs, you'll find two spacious bedrooms, a renovated full bathroom, and convenient laundry room. For more casual gatherings, the finished basement offers a flexible media or recreation room with bar storage, exercise area replete with a sauna, a renovated full bathroom, and additional bonus room that can be used as a guest room, office, or play area.
Outside, the private deck and manicured garden offer a serene escape for morning coffee or alfresco dinner parties. This home also comes with a back up generator, for peace of mind during power outages or winter storms. Complete with an attached garage and meticulous upkeep, this home is a rare find that is truly move-in ready.
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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.
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About Fairland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017