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481 Forestview Drive
About This Property
The primary bedroom is generously sized with two walk-in closets and a tastefully renovated ensuite bath featuring dual sinks and a glass-enclosed shower. The split layout places the two guest bedrooms apart from the primary for privacy, along with an updated guest bathroom with shower/tub combination. The third bedroom is perfect as a den or office, highlighted by custom glass French doors.
Additional features include: separate laundry room with storage, impact glass windows, 2007 roof, Dual AC units, 2011 & 2017, a lush and private yard, and thoughtful upgrades throughouttruly nothing left undone. Perfectly sited in a quiet, highly desirable 55+ subdivision, this home is impeccably maintained, fresh, and completely move-in ready.
Community Highlights:
55+ subdivision: at least one owner must be 55+
No children under age 15 may reside full-time
Pet-friendly community
Leasing permitted (maximum twice per year, minimum 90-day leases)
Tenant approval required prior to lease commencement
HOA: $3,500/year, including:
Lawn care
Sprinklers
Common elements
Pool
Tennis
Exterior painting of units
Location:
Located in the City of Atlantis, a gated community celebrated for its beautifully manicured grounds, two championship golf courses, parks, and welcoming neighborhood atmospherethis villa represents an exceptional opportunity for those seeking quality, value, and a lifestyle you'll love coming home to.
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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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About Forestview Villas
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$3,250 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017