148 MILKWEED DR
About This Property
Upon crossing the threshold, bask in the abundance of natural light streaming through the oversized windows, casting a radiant glow throughout. Just off the foyer, the first of the two bedrooms, boasts generous closet space and a convenient luxurious full bath.
Journeying past the foyer, the kitchen steals the spotlight with its commanding oversized island, adorned with a Chef's cooktop and a sophisticated hood. Immaculate White Shaker cabinetry graces the kitchen, complemented by granite countertops, capacious drawers, pull-out's on all the lower cabinets, and ample counter space for culinary endeavors. The dining area, adorned with an elegant chandelier, seamlessly connects to the outdoor oasis through a patio sliding door, leading to the meticulously designed new patio with a custom Pergola.
The expansive living room, thoughtfully designed for versatile furniture arrangements, features a new ceiling fan, and a gas-burning fireplace with a mantle, as well as an inviting sitting area-a perfect retreat for morning coffees or afternoon cocktails.
Nestled adjacent to the living room, the primary bedroom unveils a tray ceiling, a sizable walk-in closet, and a spa-like bath exuding opulence with its upscale finishes-a haven for unwinding after a long day.
A two-car attached garage not only provides secure parking as well as additional storage, complemented by a new shelving system that will convey with the property. With over $50,000 in recent upgrades, including upscale lighting, custom remote-controlled blinds, and a stunning rear patio with a Pergola, this residence exemplifies a lifestyle of unparalleled luxury and comfort.
Enjoy all of the amazing Lake Frederick amenities including indoor and outdoor pools, community clubhouse, fitness center, a farm-to-table restaurant, a members-only lounge, tennis courts, pickle ball courts, a dog park, abundant lake trails, and an inviting community of friendly neighbors and future friends!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017