2211 Queen Palm Drive
About This Property
Discover your dream home in this beautifully updated 4-bedroom, 3-bathroom residence, perfectly situated on a spacious oversized lot. Ideal for both relaxation and entertaining. The expansive backyard is fully enclosed by a 6-foot privacy fence, ensuring a peaceful, serene environment, that creates a safe and secluded outdoor space. An entertainer's paradise, boasting an enclosed heated saltwater pool and a fully enclosed outdoor cooking area-perfect for hosting gatherings or enjoying family time. Inside, the home's split floor plan includes a wood burning fireplace in the living room and a private Mother-In-Law Suite with separate access to both the garage and the outdoor patio, ensuring privacy and convenience for guests or multi-generational living. The expansive lot provides endless possibilities, whether you want to add RV or boat parking, build a shed, or customize the space to fit your needs.
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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