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2 WINDERMERE PLACE
About This Property
Move-in ready and full of light! This SPACIOUS 2-bed+BONUS FLEX SPACE (OFFICE/DEN), 2-bath, 1,907 sq ft home sits on a desirable corner lot with over a quarter-acre and NO HOA.
Inside you'll love the vaulted ceilings and OPEN LIVING layout that flows through a huge 3-panel slider to your newly enclosed, AC-and-heated back porch – perfect for morning coffee or evening entertaining year-round.
Updated kitchen with gas stove, NEW refrigerator, tons of cabinets and counter space, plus eat-in dining. Both bedrooms are oversized – primary suite has walk-in shower and ensuite bath, second bedroom has its own slider to the porch.
Fresh upgrades throughout: sealed and painted exterior, NEW interior paint in kitchen and living, updated flooring, NEW living room fans, and frameless glass shower doors in both baths. Minutes to Flagler Beach, golf, and shopping. Freedom to park, garden, and live your way with no HOA. Mortgage savings may be available for buyers of this home – ask for details!
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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