309 SAND MYRTLE Trail
About This Property
The home's interior features a well-flowing floorplan with the living room open to the kitchen/dining area, yet retaining a sense of distinctness. The kitchen offers granite countertops, stainless appliances including a Viking range and double ovens, custom cabinetry, a Subzero fridge, and breakfast bar. In addition to an indoor family room and/or office space, a large covered and enclosed lanai provides for a great casual indoor/outdoor gathering space--it even has a fireplace for year-round enjoyment! The first-floor master suite offers a spacious bedroom, luxurio ...bath with dual sinks, jetted tub, and shower with subway tile, and an adjacent sitting room with access to the lanai. Additional bedrooms upstairs provide plenty of space for kids, guests, and hobbies. Interior finishes include hardwood floors, crown molding, iron wrought stair railings, recessed lighting, and plantation shutters.
For full outdoor living, enjoy the beautiful heated pool, spa, and large patio in the private, fenced backyard, which backs onto a nature preserve. Lush landscaping enhances the front of the nearly A½-acre property. A lovely setting to call home!
Buyer to verify all specifications and dimensions.
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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