284 LAKEVIEW PASS Way
About This Property
This exquisite and spacious house with show-stopping water views is centered around a light-filled great room with premium wood-look tile flooring, wooden stairs and high end upgrades. Prepping meals and gathering family and friends will be a joy with a modern open space design that embraces the living and dining area, high quality stainless steel appliances which include a built in wine cooler. Watch your children play from the 16' sliders that opens to a covered lanai and beautiful backyard which has been upgraded with a pool prep package that will accommodate a large pool plus additional green space. This main floor also houses a formal dining/flex room that is being used as a playroom, a study, a full bathroom and a bedroom (that's currently used as an additional office) and a laundry room.
Four bedrooms and three bathrooms are set upstairs including the expansive master bedroom with two closets (being one walk-in) and a extra large double shower master bath. Movie nights will never be the same in the bonus room that accommodates family and friends. Vast storage space throughout the house. The long list of upgrades includes a tankless gas hot water heater, security system, 16' carriage-style garage door and much more. This prestigious and luxurious community offers a residents' clubhouse, zero entry pool, community park, tennis courts, basketball court, no CDD fees and access to top-rated St. Johns County schools.
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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