724 SPRING LAKE Drive
About This Property
Then comes the Best part! This spacious 3 bedroom 2 bath home on over a quarter acre with beautiful trees (inc. 2 fig trees)and tropical plants.
A formal dining room just off the eat-in kitchen is open with columns for definition. The living room features vaulted ceilings and opens to a spacious family room featuring a gas fireplace with remote control, built-in sound system, a large built-in desk, custom wine rack, custom cabinets across one wall and beautiful tile floors.
Kitchen has large pantry, beautiful granite counter tops, disposal and new dishwasher. Master suite is downstairs and features a large master walk-in closet. Master Bath has double sinks and new tile floors. Upstairs is a loft that could be used as an office and there are 2 good size bedrooms,one with a large walk-in closet, and a full bath.
Large outdoor patio perfect for entertaining.
Sellers have a termite bond and offering Buyers a one year Home warranty.
Exceptionally nice home! A must see!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017