3004 CUNNINGHAM DRIVE
About This Property
The home features large floor-to-ceiling windows with automatic shades that offer a beautiful view of the water, radiant-heated espresso bamboo flooring, and recessed lighting throughout. The main level features an open floorplan with skylights and easy access to the grounds and outdoor dining on the large Ipe deck.
The kitchen features high-end appliances, including a Miele gas cooktop, ovens, dishwasher, and a Sub-Zero refrigerator. The kitchen also features a coffee bar and a wine refrigerator.
All four bedrooms have en-suite baths and walk-in closets. The generously sized primary suite features a gas fireplace and a private balcony with views of the water. The lower level features a family room and a large laundry room with a utility sink.
The home is as functional as it is beautiful, with an attached 2-car garage and a whole-house gas generator. It also features smart home technology, a sound system in several rooms, and extensive low-voltage wiring.
The Wessynton neighborhood offers a swim club, tennis courts, a boat launch, basketball courts, and walking trails. Live like you're always on vacation!
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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