4278 Raffia Preserve Way
About This Property
Featuring an open floor plan with warm toned wood coffered ceilings, the home offers a large kitchen with a pantry and a huge center island. The expansive primary suite boast a large bathroom with dual vanities, soaking tub, walk-in shower and 2 gigantic walk-in closets. Two additional bedrooms with en-suites plus a den/flex room make this home a perfect use of the 2,444 square feet of living space. The attached three-car garage provides extensive storage space. The home is located on arguably the best location within the community and is a short .3 mile distance from all of the amenities. The Raffia Preserve community offers a gated entry, and lovely amenities including a 5000 square foot clubhouse featuring a fitness center, community room, and a resort-style pool with lap lanes. Additional amenities include a basketball/sport court and a children's play area. Residents benefit from highly rated schools and convenient access to Vanderbilt Beach Road and Collier Blvd, making dining, shopping, entertainment, and other necessities easily accessible. There is no CDD and reasonable HOA fees include irrigation and lawn care, aas well as onsite management.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 25, 2025 | Sold | ||
| Sold | |||
| Feb 7, 2025 | In contract | - | |
| In contract | |||
| Jan 11, 2025 | Price Decreased |
$869,000
↓ $26K
(2.9%) | |
| Price Decreased | |||
| Sep 21, 2024 | Price Decreased |
$895,000
↓ $34K
(3.7%) | |
| Price Decreased | |||
| Aug 4, 2024 | Listed by Realty One Group MVP | $929,000 | |
| Listed by Realty One Group MVP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017