1602 ALDER WAY
About This Property
owners have spared no expense to update and upgrade absolutely everything this 4 bedroom, 3 full bath home has to offer. Your screened and covered front entry provides protection from the elements, and a little extra security for all your home deliveries. Enter through the stunning wood and leaded glass door to the foyer with polished wood floors. To your right is the spacious living and dining room areas with plenty of room for entertaining. The kitchen features new, soft close cabinetry, all modern appliances, and a pass-through window for entertaining outside on the poolside lanai. Speaking of the lanai, it is a generous 36'x26' of covered screened space that is ideal for Florida living, and the heart of the home. This fantastic space is accessible from the Living Room, Family Room and the Primary Bedroom by elegant French doors. Additionally, one full bathroom is a dedicated pool bath with a separate entrance leading to the lanai and pool area. The home has a split plan bedroom layout, with the primary suite beyond the dining room, and the remaining 3 bedrooms and two baths beyond the kitchen and family room. The backyard is what you are dreaming of for outdoor entertaining. The custom pool, complete with diving board, is the focal point of the outdoor living space. It is surrounded by floral and vegetable gardens, fruit trees, custom lighting, pathways and so much more all surrounded by new vinyl privacy fencing. The large backyard workshop with electric service provides space for woodworking and small projects, plus abundant storage to keep your household running and organized. Make you appointment to see this one before it's gone.
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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