310 Lakeview TERRACE
About This Property
Double leaded beveled glass doors and sidelights lead you into a gracious foyer with high ceilings and the open floor plan beyond. A wide open Family Room, Dining Area, breakfast bar and remodeled Kitchen are perfect for family meals and entertaining. Upscale stainless appliances, quartz counters, custom corner window pass-through to the lanai kitchen, also with a quartz bar, farmhouse sink, glass tile & stainless backsplash and lots of wood cabinets make this open Kitchen the hub of the family. The sunken Formal Living Room invites you to curl up in front of the fireplace for a quiet evening. A wonderful open room is perfect for a play room (currently), home office or dining room. A second study, perfect for the work-at-home trend or a 4th Bedroom, has a glass slider to the pool area. The split plan provides 2 nice sized secondary Bedrooms , 1 tile, 1 carpet, adjacent to a remodeled Hall Bath. The Master Bedroom Suite has space for a sitting area, a remodeled en-suite Bathroom with double vanities, a step-in glassed shower, and walk-in closet. The home has an inside Laundry Room with utility sink and custom storage where a washer/dryer could be installed. Owners chose to locate washer/dryer in garage. Triple glass sliders lead to a large covered and screened lanai with space for an outdoor kitchen, wonderful pebble-type resurfaced (2013) Pool, and a large fenced Yard. This home's amenities include soaring ceilings, wood-look tile floors, laminate floors, and ceiling fans. The AC was replaced in 2018 and the roof in 2012. Easy access to schools, shopping, beaches, restaurants, golf, boating and parks. No HOA, 1 Year Home Warranty Included for the Buyer. Enjoy the true Florida lifestyle.
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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