5107 Lanai WAY
About This Property
one side of the home you will find the primary bedroom with sliders leading to the pool, a custom, massive walk-in closet with built in shelves and drawers, and a bathroom that is as luxurious as it is functional. With separate vanities, a jetted infinity soaking tub, large walk in shower, separate toilet, and a linen closet, this bathroom will please the pickiest of buyers! Near the primary bedroom is a guest bedroom that has easy access to a full bath that is also accessible from the pool.
On the other side of the house you will find 2 more very large bedrooms which have a jack-and-jill bathroom with their own vanities as well
and very large closets, also with custom built-ins. The kitchen is in the heart of the home as it should be! With stainless steel appliances, quartz countertops, and plenty of pantry space, it is a chef's delight! It opens to a great room with a vaulted ceiling and a wood burning fireplace...all of which is surrounded by sliders that show off the custom SALT water, heated pool!
The lanai has a raised lounge area, high quality pavers, and an outdoor ktichen with a pass through window to the indoor kitchen. Plus plenty of space under the roof with shade for you to enjoy the outdoors year round. If you like to entertain, this home will meet your every need. The laundry room is oversized and the washer and dryer convey!
Did we mention that your electric bill will be very low because there are solar panels! These provide all the electric, heat, and A/C for the
entire home, saving you HUNDREDS of dollars each month!
The roof is less than 3 years old and the pool has a new pool heater.
Come see this gem today! Recent appraisal available for serious buyers.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017