398 Glenbrook Drive
About This Property
Please note: secondary living room on the first floor can be converted back to 3rd bedroom. Enjoy morning coffee or breakfast feeling ''al fresco'' within an atrium glass enclosed breakfast nook. Inspired by a dream, this 2 story masterpiece was designed with master bedroom suite & sitting room exclusively built on the 2nd level overlooking the golf course.
Spacious guest bedroom connected with en suite bathroom and private living quarters located on the first level sets up perfectly for 2nd master bedroom, or in mother-in-law quarters. Resort Style living continues with gleaming pool and open patio deck for the ultimate in relaxation, while giving access to a full cabana bathroom for convenience. 2 car side load garages and large circular driveway gives room for ease for multiple vehicles.
Other amenities include: renovated light & bright white island kitchen, granite countertop, formal dining room, dramatic ceiling heights in gracious living room with bar and decorative fireplace, porcelain tile in living areas, neutral and fresh carpet in bedrooms and secondary living room can be converted to 3rd bedroom, wood shake approx. 1997, hot water heater is solar electric, laundry room with sink and spacious cabinetry, **2 AC units, 5 -ton unit is Carrier- 5 years old, 3- ton unit is Trane -12 years old. **Both serviced regularly by Lindstrom Air
The City of Atlantis is a gated, manicured country club community offering 2 championship golf courses with no membership obligations. Kintz Park at The City of Atlantis, where families and residents gather to play tennis, attend a party or City sponsored events (Annual Egg Hunt, Annual Spring Fling, Holiday Golf Cart parade, & more events! Club room has a Playground for kids, a covered picnic area and a water park for fun! Conveniently located close the beaches, I-95 and in between major airports.
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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.
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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 Atlantis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017