5253 Riddle ROAD
About This Property
Enjoy year-round comfort with a brand-new air conditioning system installed in 2023.
A newly installed, energy-efficient tankless water heater ensures you never run out of hot water while saving on utility costs.
Outdoor Oasis: The spacious pool area has been completely updated with a new pool pump, heater, and an extended screen enclosure for added comfort. The expansive pool deck is the perfect spot to enjoy morning coffee or unwind after a long day, with plenty of space for outdoor dining and entertaining.
Additional Living Space: A new Air conditioned Florida Room has been added, providing a bright and airy space to relax, read, or entertain while enjoying views of the lake and wildlife.
Both bathrooms have been thoughtfully updated with modern fixtures and finishes. The home boasts stylish and easy-to-maintain flooring throughout, offering a clean and fresh atmosphere in every room.
Whether you're looking for a weekend getaway or a full-time residence, this home offers everything you need for comfortable, lakeside living. Watch the birds and wildlife from your backyard, take a dip in the pool, or simply enjoy the peaceful surroundings of this wonderful location. No Flooding happened during the recent Hurricane and Flood Insurance is not required but optional. The only damage was done to the fishing dock which will be As/Is. Furnishings are optional and Home can be sold in turnkey condition!
Don't miss the opportunity to make this move-in-ready home yours. Schedule a tour 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