207 Galway Drive
About This Property
On the first floor, you will find the oversized master bedroom suite with TONS of natural light and TONS of closet space plus a private bathroom with additional closet space, double vanity, garden Jacuzzi tub and standing shower.There is second bedroom with a full bathroom on the first floor at the front of the house facing the front porch. Note:all bathrooms in the house have updated single lever brushed nickel faucets. Most rooms have ceiling fans with lights and remote controls. The roomy kitchen has a huge bay window letting in tons of natural light , lots of cabinets with under cabinet lighting, stainless appliances, good sized pantry, built-in desk, a deep double bowl stainless sink, granite counter tops, single lever pulldown faucets, a large island with a prep sink that seats five and garbage disposal in both sinks. There is also a gas line for a gas stove.
The laundry room is off the kitchen, includes a utility tub sink and leads to the oversized garage.
Hardwood floors flow throughout the spacious and open family room and dining room. Adjacent to the family room is an extra family den or office space with a single glass door and large window that over looks the backyard.
On the second floor you find 2 bedrooms both with double windows offering tons of natural light ( as well as hurricane shutters), a spacious full bathroom with a tub/shower combo and a double vanity, plus 2 bonus rooms that can be used in many ways either a nursery, playroom, craft room, office, kids den or teen hangout space or an extra sleeping/guest space.
Outside you can live the Florida life with a large screened enclosed lanai and patio ( outside gas hook up) overlooking the HUGE and spacious back yard with mature landscaping and a sidewalk that leads to the pool area. The 36x16 low maintenance sport style saltwater pool was resurfaced in 2009 and the pool deck was resurfaced in 2011.
The pool house is currently being used as a guest house BUT it has MANY options- such as an entertaining space, office or art studio. The pool house boasts double french doors, a bedroom/living room area, 3 pc bathroom suite that includes a shower, heat and air conditioning as well as cable, phone and a water line for a refrigerator. There is also a kitchenette area with cabinets, countertop and sink. An additional patio sits to the side of the pool house.
Pull up in the enormous driveway to a large rolling gate that provides easy access to the large deck area that is perfect for a boat or camper, complete with 2 water bibs so clean up is a breeze.
The garage also has a pull down stairs leading to the attic that offers additional storage space.
PLEASE NOTE: Refrigerators (kitchen and garage), washer and dryer, lacrosse goal and paddleboard/wall racks do not convey. Playset conveys with the home if desired. Home warranty included.
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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