5100 Olimpico WAY
About This Property
-- APPRAISED FOR $1,175,000 on 11/2/2023
-- Home Video available here - https://my.homediary.com/455584
Welcome to this exquisite modern home located in the prestigious Travisso community, where luxury seamlessly merges with contemporary living. Crafted by the renowned builder Toll Brothers, this brand-new, never-occupied masterpiece offers a unique floor plan comprising 5 BED ROOMS AND 5 BATHROOMS, with 3 BEDROOMS ON THE FIRST FLOOR! + Upstairs HUGE PRE-WIRED 7.1 MEDIA ROOM + OFFICE ROOM + GAME ROOM. For those in search of a peaceful retreat or versatile space, this floor plan includes a flexible area that can be customized to suit your needs, whether it be a home office, library, or cozy reading nook. The house includes all structural upgrades and numerous modern design enhancements valued well over $170,000. The kitchen, the heart of the home, showcases the latest upgrades, boasting a stunning WATERFALL QUARTZ COUNTERTOP that extends to the backsplash and a CUSTOMIZED WOOD VENT HOOD. Top-of-the-line stainless steel appliances, custom cabinetry, and a spacious pantry complete this culinary haven. The kitchen flows seamlessly into the adjacent dining area, perfect for hosting guests or enjoying family meals.
Outside, an extended patio offers picturesque hill country views on the right side of the house. The outdoor space is designed for both relaxation and entertainment, featuring a spacious EXTENDED PATIO area ideal for al fresco dining or lounging.
Highlights:
-- 3 bedrooms on the first floor.
-- Floor plan includes a Media Room, Office Room, and a Game Area.
-- State-of-the-art upgrades in the kitchen, including a waterfall quartz countertop.
-- Hill Country views to the right side of the house
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 14, 2023 | Listed by FULL CIRCLE RE | $999,000 | |
| Listed by FULL CIRCLE RE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017