29 Timber Point Road
About This Property
Lakefront contemporary home with views from almost every room, located in the prestigious Emerald Green community. After entering this pristine home through the entry foyer, you are lead into an open air living area boasting cathedral ceilings. Large windows offer plenty of natural light and unobstructed lake views from the living room, kitchen and dining areas. A custom stone faced fireplace with a recently installed pellet stove accent the living room and adds plenty of character and practicality! An expansive main level master suite offers a luxurious master bathroom, tons of closet space and your own private outdoor space complimented by lake views. A spiral staircase leads you upstairs to two additional bedrooms. The lower level of this home features a second living area, office, storage room and an additional bedroom. A recently replaced roof, backup generator, re-stained deck and many other upgrades offer peace of mind to the next owner of this turn key home! The property offers over 130' feet of lake frontage featuring a private dock, a walkout expansive deck and a private back yard enclave with plenty of room for outdoor entertaining. The community offers many amenities including a members only clubhouse, pool area, exercise room, tennis and pickle ball courts.
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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