17520 BLACK RAIL STREET
About This Property
From the moment you arrive, the curb appeal stands out with a stone-accent elevation, tile roof, and paver driveway that reflect the quality and care carried throughout the property. Built in 2014 and spanning 2,380 square feet, the home delivers a layout that is open, bright, and highly functional for modern living.
The kitchen serves as the centerpiece, featuring granite countertops, a large gathering island, stainless steel appliances, custom backsplash, and abundant cabinetry. Natural light fills the living and dining areas, creating an inviting environment with views extending toward the outdoor living space and water beyond. The split-bedroom floor plan provides both comfort and privacy, while the overall condition showcases clear pride of ownership.
Step outside and the property truly separates itself. A screened private pool overlooks the lake and fountain, creating a peaceful backdrop that feels both relaxing and elevated. The covered lanai offers the perfect space for outdoor dining, entertaining, or enjoying quiet evenings while taking in the water views. This is the kind of setting buyers hope to find but rarely do at this price point.
Situated within a community known for its beautiful homes and strong neighborhood appeal, the property offers exceptional convenience to daily essentials and top education options. Sunset Park Elementary is within walking distance, and Windermere Preparatory School is just five minutes away, making this location especially attractive for families seeking both accessibility and quality schooling. The home also provides easy access to shopping, dining, major roadways, and everything Windermere has to offer.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017