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5063 Alabaster Drive
About This Property
Located in the gated community of Crystal Bay Estates, this exceptional home offers over 3,000 square feet of thoughtfully designed living space, a 3-car garage, upgraded tile flooring throughout with no carpet, and an open-concept layout perfect for entertaining. The chef's kitchen is the centerpiece of the home, featuring two oversized islands, granite countertops, upgraded stainless steel appliances, abundant cabinetry, and a sunny breakfast nook.
This home is loaded with today's most desirable smart home features, including a smart thermostat, smart garage door opener, Ring video doorbell, alarm system, keyless entry door locks, and smart lighting, all conveniently controlled from your smartphone. The spacious owner's suite offers elegant tray ceilings, a large walk-in closet, dual vanities, a relaxing garden tub, and a separate walk-in shower. Step outside to the extended covered lanai and enjoy Florida's year-round outdoor lifestyle.
Crystal Bay Estates offers resort-style amenities including a clubhouse, community pool, fitness center, pickleball and bocce courts, and a dog park.
Priced below today's new construction, this move-in ready home includes the furniture, decor, and even the 100-inch TV, giving buyers instant equity and exceptional value without the wait or extra expense of building.
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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