17260 Frank Road
About This Property
Inside, the home boasts a great room-style floor plan with travertine flooring throughout, offering stunning views of the surrounding land from every room. The kitchen, truly the heart of this home, features exceptional hardwood cabinets, a large built-in pantry, stainless steel appliances, and exotic granite countertops that beautifully accentuate the spacious island. The great room centers around a stone wood burning fireplace and provides easy access to the saltwater pool and outdoor oasis.
The screened lanai, covering over 1,700 square feet, surrounds the pool and spa, with an additional 500 square feet of covered area perfect for dining and entertaining. The main house offers 3 bedrooms and 3 baths, while the pool deck leads to a separate dwelling unit. This additional space includes a full bath, wet bar, and 800 square feet of flexible space that could serve as a game room, apartment, Airbnb, or guest house.
Step outside, and you'll find yourself in a true paradise. A fire pit and open-air gazebo are nestled among towering oaks, overlooking a thriving food forest that the sellers have lovingly cultivated over the years. The attached garage and air-conditioned workshop offer parking for six vehicles and ample space for working the land or pursuing your hobbies and business needs. There's even a half bath in the workshop and the paved carport has a 14' clearance, ideal for covering an RV or boat
Beyond the main living areas, you'll find a Permaculture Food Forest, spanning over an acre, filled with fruit trees and edible plants, all thriving in a completely sustainable environment. The property is fully fenced and equipped with water and electric hookups throughout. Additional features include laundry facilities in both the house and garage, air-conditioned garage and workstations, as well as outdoor lighting and street lights in both the front and back yards.
This beautifully maintained property is a true must-see! View aerial flyover of the orchard in the virtual tour.
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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 Olga
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017