243 Spoonbill Lane S
About This Property
Architectural details, tall windows and soaring ceilings accent this beautifully light and bright 4 bed, 3.5 bath + loft lakeview home with a horseshoe driveway and large paved patio overlooking the recently renovated heated saltwater pool and spa. Enjoy a homecooked meal in the large updated kitchen, and retreat to the spacious first floor owner suite at the end of the evening. The second floor features an additional 3 beds, 2 baths with hand scraped wood floors throughout. Feel safe in any weather with FULL house accordion shutters (2 are automatic), and whole house automatic standby generator & surge protector. Additional highlights include Full house water filtration system, central vacuum and updated lights and fixtures, natural gas stove/oven, dryer, pool and water heater. in the homeowner dues are seven (7) community tennis courts, a recently renovated tot lot and basketball court, soccer field, community room and pool, and onsite management office. Dues also include high speed internet and preferred Comcast cable package. The community also features parking for RV's and boats on a first come-first served basis.
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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