421 Baynard DRIVE
About This Property
This spacious residence includes 3 bedrooms, 2.5 bathrooms, an office/den, and a large laundry room with additional storage and a utility sink. The oversized two-car garage provides ample space for vehicles and storage. The inviting outdoor area boasts a stunning pool with a spa and a covered patio, perfect for entertaining friends and family or simply relaxing in your private oasis. The heart of the home is the chef-inspired kitchen, designed for both function and style. Featuring all-new backsplash, a large island with seating, a double oven, a walk-in pantry, solid wood cabinets, and luxurious quartz countertops, it opens seamlessly into the expansive great room and dining area, ideal for both intimate gatherings and larger entertaining. The master suite is a serene retreat with direct access to the lanai, two walk-in closets, and a spa-like bath with a walk-in shower, double vanity, and ample storage. The two guest bedrooms are located on the opposite side of the home for privacy, making this a perfect split floor plan. Designed for comfort and peace of mind, this home is equipped with impact-resistant windows and sliders, ensuring safety and security. The Hazeltine designed landscaped yard is fully fenced, offering both beauty and privacy, while the paver brick driveway and decorative window shutters enhance the home's curb appeal. This prime location offers quick walking access to the beach, historic downtown Venice, and all the amenities you could desire, shopping, dining, entertainment, the Venice Theatre, Venice Art Center, library, medical facilities, and excellent schools.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017