5115 Ferndale Drive
About This Property
This large lot conveys with complete, artful 1,843SF (2,604SF under roof) three bedroom, two bathroom home plans, featuring soaring vaulted ceilings throughout, two large covered porches, a two car garage and a site plan that allows for a large, separately fenced area perfect for your boat or RV – and still room for a pool!
The HUGE common area of the home features a separate foyer, expansive living and dining areas and an open concept kitchen that opens to the large back porch – ideal for indoor/outdoor Florida living. The master bedroom offers sliders that also open on the large covered back porch, a clerestory window, huge walk-in master closet, and a spa-like en suite bathroom – complete with a dual si vanity and a built in makeup vanity. The second and third bedrooms are uncommonly large, with ample closet space.
The full set of plans is ready for submission, including: survey; site plan; geotechnical engineering (soil); the engineered septic drawings.
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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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About Military Ridge
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$7,900 /mo
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$10,000 /mo
- 3 Beds
- 3 Baths
- 3,293 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017