3754 BALI DRIVE
About This Property
This 3/2 home with a pool, detached two-car garage, and artist's studio will surprise you at every turn. The home has a modern feel throughout, lots of light and character, and is in pristine condition. New HVAC. Terrazzo floors, newly polished to a beautiful shine. Ceilings with striking plaster designs, finished with crown moulding. Updated kitchen with newer shaker cabinets, quartz countertops and all stainless steel appliances. New LVP flooring completes the look. The master bathroom has gorgeous mosaic tiles to the ceiling in the shower/bath, frameless shower doors, combined sink and remodeled bathroom. There are three spacious bedrooms and the master has a custom-designed closet. The original one-car attached garage has been turned into an artist's studio with a mini-split to keep you cool and lots of extra space. There's a laundry room just off the kitchen and an additional bathroom with a stand-up shower. There's also an outdoor shower for rinsing off after a dip in the custom-designed pool. The backyard is fully fenced for privacy. Beautiful palms and mature landscaping truly make this a tropical oasis. There is lighting at night which highlights the trees and pool, and pool lighting with an array of colors to match your mood. Around the back is an herb garden with a raised bed and a storage shed. The two-car detached garage can store your vehicles or is tall enough for a boat, some mid-sized RVs, and/or plenty of storage. The garage could also be a great workshop, since it has electric throughout, a mini-split, some plumbing and a compressor. It could easily be turned into an additional living space. Plenty of parking on the circular drive, large corner lot, and beautiful curb appeal. Centrally located with easy access to I-75, the beaches and downtown. This house is a must-see. Come quickly! It truly will not last.
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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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About Ridgewood Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017