507 NARROWLEAF Drive
About This Property
The open-concept layout is ideal for everyday living and entertaining. The light and bright kitchen features 42'' cabinets, quartz countertops, a tile backsplash, all stainless steel appliances, and a new top-of-the-line gas stove and oven, along with a large island with breakfast seating. The kitchen flows seamlessly into the dining area and spacious family room, creating a warm and inviting space to gather.
Upstairs, all bedrooms are thoughtfully arranged, including a versatile bonus room perfect for a home office, playroom, or media room. The owner's suite is generously sized, offering a spacious walk-in closet and a spa-inspired owner's bath complete with a garden tub, separate walk-in shower, and dual vanity sinks.
Step outside to enjoy the covered lanai, extended paver patio, and fully fenced backyard, ideal for relaxing or entertaining outdoors.
Additional highlights include a garage with a water softener and plenty of storage, including hanging storage units.
Living in RiverTown means enjoying unmatched amenities, including the RiverClub with waterfront dining, boardwalk, and Oasis pool, as well as the RiverHouse and the RiverLodge featuring a lazy river, fitness center, and kayaking lake. Residents also enjoy tennis, pickleball, yoga, concerts at the amphitheater, scenic walking and golf-cart paths, nearby dog parks, pools, cafe, and the highly desirable K-8 Hallowes Cove Academy.
This home truly checks all the boxes, come see why RiverTown is such a wonderful place to call home.
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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%.
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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