13025 Forest DRIVE
About This Property
As you walk through the door, the home instantly greets you with stylish Spanish tile flooring that sweeps across an inviting open floor plan. The heart of this home is undoubtedly the custom chef's kitchen, complete with wood cabinets, quartz countertops, an expansive island, and thoughtful amenities such as a dedicated kitchen tankless water heater for near-instant hot water, a built-in beverage fridge, wine rack, and plentiful storage solutions under the counters. The updated lighting and sleek stainless steel appliances enhance the kitchen's functionality while transforming it into a true centerpiece of the home. The convenient pass-thru bar to the lanai ensures effortless hosting, whether your gatherings spill indoors or out.
The master suite is a haven of tranquility, featuring sliders that open to the pool and lush tropical backyard, not to mention the luxurious master bath and spacious 9x4 ft walk-in closet. The practical placement of the laundry near the bedrooms adds to the home's thoughtful layout.
Outdoor living is elevated to new heights here. A covered and screened lanai overlooks a heated pool with a large deck and plenty of room for year-round lounging or entertaining. The removable safety fence provides peace of mind for pets or others around the pool. The private backyard, surrounded by a beautiful and professionally landscaped tropical paradise and a covered pergola with a low-maintenance vinyl fence sets the perfect stage for grand entertaining and intimate relaxation.
Rest easy with newer windows and shutters that protect against storms. With over $65,000 in thoughtful upgrades, including a new HVAC system, pool heater, and more, this home is as practical as beautiful. Additional features like the whole house carbon filter, water softener and white heat-reflective tile roof ensure your comfort and health are always a priority.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017