3259 Polo Drive
About This Property
This gracious home in the heart of Gulf Stream is situated on a corner lot and offers casual indoor and outdoor living. The bright and sunny living room, dining and sunroom are all open to each other and to the lushly landscaped back yard and heated pool. The master bedroom boasts 2 full baths and 2 walk-in closets and all four baths and the kitchen have been remodeled. Adjacent to the kitchen is lovely den with fireplace and the floors are wood and marble
Special features of the home include: impact windows, generator, custom moldings, mirrored wet bar, wine refrigerator and cypress paneling.
This pristine home offers the perfect setting for entertaining both casually or formally.
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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