1415 Briercliff DRIVE
About This Property
Don't let the home's compact exterior fool you. Its three bedrooms and two baths are spread out over a generous 1,600 square feet with surprises around every corner – like the sunken den just off the kitchen. This space makes a great family room, home-office, or workout studio. In the home's main living room, wood floors, elegant molding, plantation shutters, and an encased fireplace create a distinguished place to gather and relax. The updated kitchen is practical and delightful. Bright, beamed ceilings with slatted wood inlays here add a rustic yet modern touch that complements the tongue-and-groove cabinetry and stark granite countertops. The nearby butler's pantry around the corner is a classic design element from yesteryear (and adds plenty of extra storage and prep space). New, stainless appliances and chic track lighting add stylish sophistication.
The main bedroom is spacious and inviting – thanks to its two beautiful French doors at the entry. The updated main bath is lavish and luxurious with a gorgeous glass-enclosed shower with rainfall showerhead, impressive vanity, and a distinctive artisan-crafted stained-glass window that fills the room with light. The home's fully fenced backyard is quite the oasis. You'll love winding down on the shaded terrace as you look out on the expansive yard – where you'll find five fruit trees and two nut trees, along with a handy nearby shed to tuck away tools and supplies. Recent upgrades to the home include a new roof (2017) and a new A/C, installed just this year.
You'll find all of this in beautiful historic Orlando where you'll be just minutes from so many great nearby shopping and entertainment districts – like the popular hourglass district with its buzzy new restaurants, downtown, SoDo and more. Or, keep it local and stroll just up the road to 903 Mills Market cafe for people-watching over sandwiches. Call today to arrange a tour of this absolute gem of a home!
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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%.
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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