5707 Florance Road
About This Property
The main residence is a custom 5-bed, 5-bath home designed with open living in mind. Soaring ceilings and walls of windows flood the space with natural light, while a 12-foot stone fireplace creates a dramatic centerpiece in the living room. The chef's kitchen is equally impressive with marble countertops, a large island with breakfast bar, mosaic backsplash, gas cooktop, and designer lighting that flows seamlessly into the breakfast nook. Hardwood floors run throughout, and a private office with French doors plus a state-of-the-art media room with surround sound, 120-inch screen, and 4K projector elevate the home's livability. The primary suite is a true retreat with raised ceilings, direct backyard access, and a spa-inspired ensuite featuring dual sinks, walk-in shower, and custom closet.
The guest house offers 1,190 square feet of fully equipped living-ideal for in-laws, extended family, or guests. It includes a full marble-counter kitchen, spacious living room, bedroom with ensuite bath, a second full bath with pool access, & a covered porch overlooking the backyard.
Step outside to a backyard oasis built for entertaining. The fully fenced and landscaped grounds feature a sparkling saltwater pool & spa with waterfalls, slide, mood lighting, plus multiple outdoor living areas and an outdoor shower. A marble fireplace wall adds sophistication, while the covered patio with marble pavers is perfect for gatherings. With the space plumbed for an outdoor kitchen, this backyard is ready for year-round enjoyment.
Situated in a prestigious neighborhood with quick access to I-35, local shops, dining, & schools.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017