48 MARTELLO Drive
About This Property
Wake up to glassy water views and end every evening watching the sun sink behind the lake from your extended, full-length screened lanai -- complete with privacy curtains and the perfect footprint for a hot tub. This 3-bedroom + office + bonus room home sits on a premier lakefront lot with a fully fenced backyard and professionally landscaped front and rear yards.
Inside, gorgeous new floors flow through every main living area.. The kitchen is the heart of the home -- has new quartz counter tops, 42'' cabinets, a gas stove, updated appliances, and a large center island made for entertaining. Solar tube in the kitchen and foyer flood the space with natural light all day, then gently illuminate it after dark. The primary suite features a private en-suite bath and a spacious walk-in custom closet. Recently updated kitchen and bathroom cabinets & countertops. Smart home technology controls the thermostat, lights, TV, and stereo -- all from your phone. Additional highlights include a tankless water heater, sprinkler system, window blinds throughout, custom pull-down shades on the living room sliders, and a paved driveway and front porch.
The community delivers true resort-style living: pool, fitness center, miniature golf, cafe and dining, children's splash area, playground, cabanas, tennis, and pickleball -- plus abundant greenspace for walks, bike rides, and golf cart cruising. No CDD. And this home sits just steps from the clubhouse.
Views, upgrades, smart living, and a community that delivers every single day.
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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