5 EDMOND PLACE
About This Property
Discover this uniquely modified version of our most popular floor plan, thoughtfully reimagined for added function and flexibility. The builder is offering up to $15,000 Flex Cash-use it toward closing costs or a rate buy-down! With use of Affiliated lender.
This home includes a versatile flex room paired with a private bedroom, ideal for use as a guest retreat or an in-law suite. You'll also find three additional generously sized bedrooms, including a grand primary suite featuring a tile walk-in shower, dual sinks, a spacious walk-in closet, and a private water closet.
The kitchen is a true showstopper-quartz countertops, a stunning center island with an integrated sink, and solid wood soft-close cabinetry throughout. You'll love the oversized pantry and the conveniently located laundry room just off the kitchen.
The expansive great room offers abundant space for gatherings and day-to-day comfort. Durable, solid-surface flooring flows seamlessly throughout the home for easy maintenance, and every bathroom is outfitted with raised-height vanities and comfort-height toilets for added convenience.
Enjoy relaxing mornings and evenings on the covered front porch and lanai, perfect for indoor-outdoor living.
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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 Cypress Knoll
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017