5026 Ruby Flats DRIVE
About This Property
Please notice the extensive upgrades and exquisitely designed built-in hutches, cabinets and dressers throughout this beautiful home that help make this home a fabulous luxury retreat!
The kitchen is a chef's dream, featuring tall cabinets with built-in pullouts, quartz countertops, a large farmhouse sink, recessed lighting, and under-cabinet lighting. It's truly an amazing space for cooking and entertaining.
The owner's suite is a large retreat, offering numerous built-in features, including a separate shoe closet and his-and-hers walk-in closets. The suite also boasts dual vanities, a garden tub, and a separate walk-in shower. The front porch is enclosed and screened for additional comfort and outdoor enjoyment.
This home also features a tiled roof, a spacious 2-car garage, and meticulously maintained interiors, providing a perfect space to live a life of comfort and leisure.
Valencia Lakes offers an unparalleled lifestyle, with a wealth of amenities including a 27,000-square-foot clubhouse, heated pool, lap pool, tennis and pickleball courts, bocce ball, dog park, garden plots, softball field, and RV/boat storage. Stay active with a 4,000-square-foot fitness center and enjoy a variety of social clubs, live shows, dances, and more. The HOA dues cover basic cable and internet, irrigation and lawn maintenance, security system monitoring by ADT, and the upkeep of the amenities and gates. Enjoy retirement in this vibrant community with everything you need for relaxation and recreation!
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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