3036 Payson Way
About This Property
The master suite is a private sanctuary, boasting an opulent en-suite bathroom and a generous walk-in closet. Three additional bedrooms provid family or guests. Step outside to your own backyard oasis, complete with a covered patio - perfect for al fresco dining and relaxation. The expansive yard offers plenty of room for a pool, gardening, or play.
Additionally, the home features soaring ceilings, premium finishes throughout, and a three-car garage.
As for the community, it offers an array of amenities that cater to an active lifestyle. The clubhouse hosts indoor and outdoor basketball courts, pickleball, volleyball, and tennis courts. There's an impressive fitness center and a newly renovated, spacious playground with astroturf and a variety of engaging equipment for children. Low HOA dues cover high-speed ATT internet, four manned security entrances, 24-hour rovers, and more. The sense of community here is truly wonderful.
Furthermore, this home is conveniently located within walking distance to the clubhouse, restaurants, and shopping. Phipps Village, one of the newest sections in Olympia, is a premier estate section known for its exceptional amenities and prime location. And let's not forget the top A-rated Wellington schools that are an added bonus for families. Come see this home in person - it's just as stunning as it appears in these photos. You deserve to live the Olympia lifestyle; now is the time to turn that dream into a reality.
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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.
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About Olympia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017