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298 SE 5TH Avenue
About This Property
Some lake houses are beautiful. Some are built for entertaining. Very few are designed to do both exceptionally well.
Set on approximately 100 feet of Lake Santa Fe waterfront, this beautifully updated 3,360-square-foot home was made for gathering--the kind of place where family and friends arrive for the weekend and nobody wants to leave.
With a private dock and boat lift, expansive lake views, an open kitchen, dining and living area, indoor/outdoor see-through fireplace, dedicated lake-house entertainment lounge, loft, library with hidden Murphy bed, and comfortable sleeping accommodations for up to 12 guests, this is more than a waterfront home.
It's the place where your family gathers.
Spend the day on the lake. Come home to the pool table and wet bar. Open a bottle of wine. Gather around the fireplace. And end the day watching the sun disappear over Lake Santa Fe from your own dock.
This is Lake Santa Fe living at it's most memorable.
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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