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3121 Polo Drive
About This Property
Inside, the formal dining room opens to the main living room with a fireplace, and the Florida room offers tranquil views of the pool and gardens. The large open kitchen includes a full service bar with a small refrigerator, ice maker, wine rack, and sink, making it ideal for entertaining.
The residence offers four bedrooms, all on a single level. The primary suite features a spacious closet, tub and shower, and direct access to the exterior overlooking the tropical pool setting. It serves as a private and peaceful retreat within the home.
Two additional bedrooms sit on the north side of the property and share a full bath with a generous central closet that creates a jack and jill style arrangement. The fourth bedroom provides flexibility for guests, an office, or additional living space.
Outdoor living is highlighted by a covered awning off the Florida room, which overlooks the pool and lush gardens. The property feels private, tropical, and inviting year round.
Additional features include a dedicated laundry room and a one car garage.
This property gives a buyer multiple paths: move in and enjoy the current home, renovate to perfection, or build a brand new residence on a spectacular corner lot in the core of Gulf Stream.
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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 Gulf Stream
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017