3138 RAVINES Road
About This Property
Wood floors welcome you at the entry and continue throughout the main living areas. The large kitchen provides generous countertop space and includes a gas stove, refrigerator, dishwasher, and built-in microwave. Glass sliding doors connect the main living area to the screened porch, where the backyard and pond become part of the everyday living space. Plantation shutters are installed throughout most of the windows.
The main suite is located at the rear of the home with a view of the pond. It features large closets and a spacious bathroom with two sinks, a tub, and separate shower. The second bedroom is ample in size and has an attached bathroom, offering added flexibility for guest or other needs. A third bedroom at the front of the home provides a convenient option for an office or additional living space.
The laundry room is located just off the garage and includes a washer and dryer. The garage configuration provides parking for two vehicles plus additional space for a golf cart. The Ravines features a guarded front entrance, ponds, walking trails, children's play areas, and RV storage parking. With its one-story design, low-maintenance yard, screened porch, pond views, and flexible three-bedroom layout, this home offers a practical setting with easy access to the community's outdoor amenities.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017