7300 W Highway 329
About This Property
This stunning property features a 3-bedroom, 2-bathroom split open floor plan with wood floors throughout. The living room boasts a beautiful stone fireplace and opens to the screen-enclosed pool, offering picturesque views of the pool and grounds. The spacious kitchen is complete with a large center aisle and top-quality appliances. The owner's suite includes a bonus room for an office, exercise room, or nursery. Outside, you will find a perfect space for entertainment with a pool and exceptional sunset views. There is also a large detached 4-car garage/workshop with extra-high doors, which are insulated and are perfect for storing equipment. The meticulously maintained show stable offers 6 stalls, tongue and groove ceilings, extensive wood details, a fly spray system, ½ bath, a wash stall, and a rubber paver center aisle. There's also an entertainer's office with wood floors and a meeting area with a full bath. Adjacent to the office is a luxurious kitchen with raised seating for 2. The property has 4-board fencing and a Generac generator (22 KW, 100 amp). Outside, there are 7 generous-sized grass paddocks, with the potential for a covered arena jump field. This property truly offers the ultimate equestrian experience.
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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