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5850 Cadillac Drive
About This Property
Centrally located between Turnpike & I-95. 15 min drive to beach. Newly built custom home 2012 w/luxurious pool & tiki hut. New 2000 sqft metal building to store your boat,RV or 8 car collection.Lot size is almost an acre.Zoned AR to run a business.This home will exceed your expectations from the moment you enter.From marble front patio, large 8 ft rich wood color door entry. Porcelain tile throughout.9 ft Volume ceilings in every room.Top of the line ceiling fans in bedrooms, living room & Florida Room. Zoned AC. Alarm, Central Vac, Surround sound. Kitchen is equipped with fingerprintless SS appliances, Kitchen Aid overhead vent hood & Island cooktop, corion counters. High hat lighting throughout,Overhead lights inside cabinets, full pantry with beautiful glass door.Master bathroom with undermount cabinet lighting, one piece sinks rich wood cabinets garden Tub and seperate shower with seamless shower door.Two master walk in closets with bulit ins.Large master suite with sitting area & high ceilings.Tankless propane gas water heater.New Proparne Tank buried underground also operates full house generator.New well runs most of the irrigation except around house to prevent staining, new septic tank, County water paid in full.Three gated entrances with secured electric gate entry with key fob and key pad entry as well as garage door key pad entry. Front loader washer & dryer in full laundry, built in pull down ironing board.All rooms are wired for wall mount TV's.Extra insulation in all areas including the attic.Florida room w/view of tropical landscaped pool w/marlbe pool deck and tiki hut, quality built by Seminole Indians.Covered awning to shade the Florida room and enjoy cool breezes. All sizes & sqft is approximate.
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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.
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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