557 E Park DRIVE
About This Property
As you step inside, you're greeted by a breathtaking view of the pool and lake through expansive 16-foot glass sliding doors leading to a 50-foot screened porch. The open floor plan with neutral-colored, diagonally laid ceramic tile flooring creates a bright and airy atmosphere, perfect for entertaining friends and family. The well-equipped kitchen flows seamlessly into a home office and pantry, offering ample storage and additional counter space.
Both bedrooms feature luxurious carpeting, with the master boasting a custom closet and a beautifully tiled shower in the ensuite bath. A convenient laundry room with Maytag washer and dryer leads to a spacious one-car garage.
Outside, the 475 sq ft back porch is your private retreat, complete with a 2017 hot tub and a saltwater pool featuring a 2023 chlorine generating system for easy maintenance. The dock, redone in 2018 with composite decking and low-voltage lighting, provides easy access to the lake for activities like kayaking or enjoying a pedal boat ride.
Despite its waterfront location, this home is not in a flood zone and is in a low-risk hurricane evacuation zone "C", equipped with approved hurricane shutters for added peace of mind.
Nestled in a quiet, "no outlet" neighborhood yet conveniently close to shopping, restaurants, and beaches, this home offers the best of both worlds - a tranquil retreat with easy access to all the amenities you desire.
Don't miss out on this extraordinary opportunity to own your slice of paradise! Contact today and make this stunning waterfront property your home
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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%.
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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