5529 Lake Lizzie DRIVE
About This Property
Inside, the home features a well-maintained kitchen with wood cabinets, lazy Susan, tile countertops, and bamboo floors, along with a Whirlpool French door refrigerator and microwave from 2020. The kitchen flows seamlessly into the living area, making it perfect for hosting family and friends. The living room includes a wood-burning fireplace and bamboo floors throughout the living and dining rooms.
The master bedroom includes a walk-in closet and an updated master bathroom with a cabin feel, featuring a soaker tub and a separate shower stall, all updated in 2014. Both second and third bedrooms also feature walk-in closets. The hall bathroom has been updated and has access to the Florida room.
Versatile 25x32 Florida room has tile floors and offers additional space for relaxation and entertainment. The A/C can be hooked up to provide additional heated square footage, making it perfect for year-round enjoyment.
Other notable features of this home include a new roof installed in June 2022, A/C from 2015, and water heater from 2016. The home is on well and septic, with the drain field replaced just four years ago. The playset is included.
Excellent location! This home provides a perfect balance of modern comfort and natural beauty. Don't miss out on this fantastic opportunity to make it your own!
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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 Twin Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017