5206 Cape Leyte DRIVE
About This Property
This turn key furnished 3 Bedroom, 2 Bath home sits on over a 1/3 acre corner lot with beautiful tropical landscaping, circular drive and a private resort-style pool and spa. Prepare to be impressed with the architectural intention of this home. Its clean lines, layout, two screened in lanais, transom windows along with four sets of sliding glass doors that all fully pocket, drape the house in natural light and keep true to the home's blending of indoor/outdoor lifestyle. Windows and Sliders are all updated and hurricane rated!
Whether you are enjoying a poolside cocktail or lounging with a good book in your own private oasis, you'll find it easy to slow down, listen to the wind pass through the palm trees and enjoy the moment. Inside you'll find polished terrazzo floors, and vaulted wood beam ceiling with wood burning fireplace in the living room. An updated chef's kitchen with quartz countertops, stainless steel appliances and dry bar all flow off the living room.
Home also has a great rental history and has future bookings through March 2022 which willl need to be honored and generate revenue for the next owners! Additional photos to be added on July 9th but nothing compares to walking this gorgeous property in person. Schedule your private showing today!
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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