673 Spring Lake Drive
About This Property
Imagine waking up to the gentle morning sun, its rays filtering through the East-facing windows, casting a warm glow across your bedroom. The master suite, an oasis of tranquility, offers a private retreat with its own en-suite bath, inviting you to unwind in the spa-like atmosphere. A chef's dream, the well-appointed kitchen beckons with its modern appliances and sleek design. The heart of the home flows seamlessly into the open living and dining areas, creating a perfect space for entertaining guests or spending quality time with family. '||chr(10)||''||chr(10)||'But the real showstopper lies just beyond the sliding glass doors. Step into your own outdoor paradise - a sprawling patio area complete with a pristine pool, beckoning you to take a refreshing dip or simply bask in the sun's warmth. And for those who relish the art of culinary creation, the summer kitchen is a haven for year-round grilling and alfresco dining.'||chr(10)||''||chr(10)||'As the sun sets, the fairway transforms into a serene vista, the peaceful ambiance carrying you into the evening. Whether you're hosting a summer soiree by the pool, honing your golf skills, or enjoying a quiet dinner under the stars, this stunning home on the 5th Fairway promises a lifestyle of luxury, comfort, and endless memories.
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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 Suntree
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017