404 CLEARWATER Drive
About This Property
thoughtfully upgraded from top to bottom, started by the previous owners, and lovingly finished by the current owners. From the moment you step through the door, you will be captivated by the meticulous attention to detail & modern finishes throughout. This home features a gourmet kitchen with high-end appliances, sleek quartz countertops, & ample storage space. The open-concept layout flows seamlessly into the inviting living area & 581 sq ft covered lanai with an outdoor kitchen, & 16' x 36' heated saltwater pool with an oversized spa, creating a perfect space for entertaining guests or enjoying cozy nights around the firepit. The primary suite offers a peaceful retreat with a brand-new luxurious ensuite bathroom renovated top to bottom with new designer cabinets, quartzite stone counters, a free-standing soaking tub, & a large walk-in closet. The updated secondary bathrooms boast elegant tile work, designer fixtures, and a spa-like atmosphere. Additional remodeling highlights include new LVP flooring throughout and fresh paint. The entry is enhanced with beautiful outdoor porcelain tile as you enter through double doors with contemporary designer glass panels. Additional features include beautiful lush landscaping, landscape lighting, garage tech storage system, and a Shark Coatings garage floor. Roof was installed 4 years ago. With its prime location and stunning updates, this move-in-ready home is a true gem and an opportunity not to be missed! Please see the Feature Sheet for a full list of improvements.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017