5799 Ivrea DRIVE
About This Property
The oversized lanai is a standout, boasting a new Picture View Screen for an unobstructed lake view, a full outdoor kitchen with a wine cooler, bar refrigerator, double burners, high-end custom grill, umbrella. Also available is the firepit and comfortable outdoor furniture with custom covers. Perfect for entertaining!
Inside, the kitchen shines with newly installed custom quartz countertops, 45" custom cabinets, a custom backsplash, and an undermount oversized country sink with an Eljay faucet that includes a filtered water setting. The Oversized Master Bedroom has tranquil lake views and a large walk-in closet. The master bathroom is equally impressive, featuring a double vanity and a shower with custom tiling and a newer glass barn door. The second bedroom features a queen-sized Murphy bed and a built-in desk with a granite top, making it perfect for a guest room or home office. All windows have been replaced within the past two years and have the elegance of Plantation Shutters.
Village Walk offers exceptional amenities, including a 24-hour live guard gate, two heated pools (one lap pool), a state-of-the-art fitness center, pickleball and tennis courts, basketball courts, a playground, an on-site restaurant, poolside Tiki Bar, a gift shop, a gas station, and daily events for residents.
Additional features include upgraded sliding doors and a golf cart available under a separate agreement. Note: The dining room chandelier does not convey. The Outdoor Furniture and fire pit convey with Acceptable Offer.
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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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About Palmer Ranch
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017