504 LAKEWAY Drive
About This Property
The great room has 16' ceilings with 12' through out the home. The living areas have tile flooring as well as the Master suite bath which is ADA compliant. Most will not notice this hence bringing the fact to attention. The remaining 2 bedrooms are carpeted.
The doors are 8' at 36" wide for easy access.
The formal dining room is presently used as an office.
AC replaced in March 2018 and hot water heater in October 2017.
All windows have plantation shutters.
Three car garage off paver patterned drive way.
There is an approved dog run along the rear of the property.
Propane gas for your kitchen, fireplace, exterior grill and pool heater.
Pool has zero step access to pool and spa: safer for kids and allows for wheel chair access.
Lawn and garden care includes irrigation, trimming and fertilization and these dues for $140 monthly. The general Marsh Creek dues are $410 quarterly.
Membership to Clubcorp is another feature. Please see membership at www.clubcorp.com/clubs/Marsh-Creek-Country-Club. This entitles you to all the amenities at the Club which include health club, restaurant, pool, bar, golf club and additional services at a small added membership cost. Clubcorp is available internationally for your use, terms do apply so check out the site!
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Cap Rate Calculator
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