175 RIO DEL NORTE Road
About This Property
The kitchen boasts an island breakfast bar, quartz countertops, Electrolux stainless appliances, a gas cooktop & walk-in pantry with custom shelving. Downstairs there are four bedrooms incl. the primary suite & guest suite., the study plus three full baths. The upstairs retreat features a bonus room with elevated views as well as an additional bedroom & full bath. Designer finishes run throughout, like decorative paneling, 8' doors, smooth walls, tray ceilings, wood plank tile flooring, plantation shutters & custom closets in the pantry and primary suite. Even the garage and laundry room feature custom cabinetry with granite counters in the laundry and commercial grade epoxy flooring and cabinets in the garage. The family room is complete with beautiful custom window treatments across the back. Sliding doors open out to a 20X20 covered screened lanai with summer kitchen. This the place to relax and enjoy morning coffee barbeque with friends and maybe some football in the fall.
The attractive coastal exterior features low-maintenance Hardie siding & a paver driveway with a 3-car side entry garage & Generac whole-house backup power.
Located in the sought-after Isle of Palencia, this private enclave consists of only 43 homes with no through traffic. The Isle of Palencia includes all of the Palencia amenities: 2 pools, fitness center and tennis. Membership of the Palencia golf and country club is optional for an additional fee.
This home is certified in Flood Zone X- Lenders will not require flood insurance
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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