3007 Lake Woodward DRIVE
About This Property
On the lower floor you will find a large family room with fireplace, 3 spacious bedrooms-two with lake views, 2 full baths, a large laundry room and a convenient 275 sq.ft. storage/work shop. The custom pool is completely screen enclosed, concrete design pool deck with plenty space for entertaining &/or relaxing.
This wonderful STONE & STUCCO home has so many features & upgrades including: 4836 sq.ft total living area, 147' lake frontage, whole house stand-by GENERATOR, private DOCK, 2 separate zoned A/C units, double pane windows, 2 water heaters, NEW ROOF with skylights & gutters in April 2021, 510 sq.ft. balcony & outside eating area, oversized garage, oversized LOT, plenty storage throughout. You will be impressed with everything this home has to offer. *Sellers will consider selling fully furnished*
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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