19296 LEONARD ROAD
About This Property
The back of the home features an oversized primary suite with a walk-in closet and a beautiful main bath that includes an upgraded frameless shower, dual sinks, and a spacious tub, making it hard to ever want to leave. If you need an office, additional bedroom, or hobby space, the huge bonus room offers endless possibilities.
This home has been thoughtfully and thoroughly updated for comfort, efficiency, and peace of mind. Recent upgrades include a new Trane A/C system, interior painting, a Whirlpool front-load washer and dryer with pedestals, a brand-new Whirlpool refrigerator, a whole-home water softener and filtration system, and a new electrical panel and breaker. All light fixtures have been upgraded, wood-like blinds adorn most windows, and new flooring was added just 1–2 years ago.
Last but not least is the expansive screened lanai, providing an additional space ideal for entertaining or relaxing year-round. This home has been lovingly maintained with no detail left untouched. Long Lake Ranch offers resort-style amenities such as tennis and basketball courts, a clubhouse, playground, a beautiful lake with a fishing dock, and walking trails throughout the community. Conveniently located just two doors down from the clubhouse and pool, this impeccable home can be yours today!
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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