546 WATERFALL DRIVE
About This Property
The split floor plan offers privacy and effortless flow, while upscale finishes like plantation shutters, central vacuum, and a full alarm security system elevate everyday living. The kitchen features a gas stove and opens to a highly functional transition space to the garage with additional cabinetry and a microwave-ideal for extra storage, entertaining prep, or a coffee and snack station. Gas water heater.
Step outside to your private backyard oasis overlooking a serene pond, where outdoor living shines. Entertain with ease, relax by the water, or enjoy evenings around the outdoor space while watching the sky light up at sunset. A detached shed adds versatility with both storage and a convenient half bath-perfect for gatherings, hobbies, or backyard projects. Additional highlights include an underground dog fence and a wider-than-standard driveway for extra parking. Thoughtfully designed, impeccably maintained, and filled with charm, this home truly stands out.
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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 Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017