173 Cannonball Lane
About This Property
Recent improvements include a NEW ROOF and freshly painted interior and exterior, making this home truly move-in ready.
A unique and beautifully landscaped courtyard serves as the heart of the home, creating a private outdoor retreat complete with dining and sitting areas nestled among lush greenery. Beyond the courtyard, the spacious open-concept floor plan welcomes you with abundant natural light and thoughtfully designed living spaces. The generous screened porch overlooks the walking path and Wind Garden Park, providing tranquil views and a serene backdrop rarely found in the community.
The chef's kitchen is a standout feature, offering professional-grade Thermador gas range with custom hood, 2 year old Frigidaire refrigerator, abundant counter space, and an oversized center island that is remarkably large for a home of this size. Just beyond the kitchen, a walk-up pantry provides additional storage and convenience.
Luxury details continue throughout the home, including an impressive oversized wood-burning or gas fireplace in the living room and a spa-inspired primary bath featuring a premium Lefroy Brooks shower system, dual vanities, and a spacious walk-in shower. The first-floor primary suite offers comfort and privacy, while upstairs, a charming loft area houses the washer and dryer and is flanked by two guest bedrooms with cathedral ceilings and a shared full bath.
Additional features include an epoxy-coated garage floor, Generac whole-house generator, surround sound system, and security cameras.
Offering architectural distinction, premium finishes, and a truly private setting, 173 Cannonball Lane is a rare opportunity to own one of Watersound Origins' most charming custom homes.
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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