31 Waters Edge
About This Property
As you step inside, a grand entrance sets the tone for this majestic home. At its heart is a bright and spacious eat-in kitchen, featuring granite countertops, high-end appliances, and abundant cabinetry. The kitchen seamlessly flows into a cozy family room, where a gas fireplace creates a warm and inviting ambiance.
Designed for effortless entertaining, the large formal dining room opens into a generous living room with vaulted ceilings and custom-installed cabinetry, making it perfect for gatherings of any size. For those who work from home, a large home office-easily convertible into a fifth bedroom-is conveniently located on the main level.
Upstairs, the grand primary suite is a true retreat, featuring a spacious ensuite bathroom with a sauna and walk-in closets. Three additional generously sized bedrooms share a well-appointed full hall bath.
The fully finished basement provides expansive additional living space, including an extra bedroom and bathroom, ideal for guests or recreational use. A versatile fitness and storage room offers ample space for workouts and organization.
Step outside to your private oasis-a fenced-in backyard featuring a luxurious heated, in-ground pool with a slide. An expansive deck and patio area create an inviting space for outdoor dining and entertaining. A circular horseshoe driveway, a spacious three-car attached garage, and a sprinkler system that ensures lush landscaping year-round. Nestled in a prime location just minutes from town, shops, state parks, and lakes, this home offers both convenience and tranquility. Experience luxury, comfort, and convenience at Waters Edge!
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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