20723 Granlago Dr
About This Property
This 4-bedroom, 2-bathroom residence with a 3-car garage and partial lake view offers modern luxury and comfort. The recently renovated kitchen features Quartz countertops, ample cabinetry, and high-end stainless steel appliances, including an induction cooktop, double convection oven/microwave, and a wine cooler.
Enjoy tray ceilings, crown molding, and premium materials like porcelain tile and luxury vinyl plank flooring inside. Plantation shutters enhance the natural light throughout.
The split floor plan includes a master suite with an upgraded en-suite bath, floor-to-ceiling tile, a spacious walk-in shower, and custom-built closet shelving.
Outside, relax by the heated saltwater pool with a cascading waterfall, surrounded by travertine tile. The covered lanai, with a 'StormSmart' screen, is ideal for year-round enjoyment.
Gran Paradiso offers an array of unparalleled amenities, including a grand resort-style pool, spa, state-of-the-art fitness center, and an expansive clubhouse. Tennis and pickleball courts, gated entries, and a vibrant community calendar enhance your resort-style living experience. The HOA fee conveniently includes maintenance, landscaping, FIOS high-speed internet, and cable TV.
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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