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7304 Modena Drive
About This Property
The thoughtfully designed split-bedroom floor plan offers privacy for guests, while the updated kitchen and bathrooms showcase tasteful finishes ideal for today's lifestyle. An enclosed, glass-and-screened lanai adds approximately 260 square feet of additional air-conditioned living space, perfect for relaxing or entertaining while taking in the expansive lake views.
Additional highlights include accordion shutters throughout, an epoxy-finished garage floor, and pride of ownership evident at every turn. This exceptional home combines comfort, functionality, and breathtaking scenery in one of the area's most sought-after 55+ communities.
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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 Pipers Glen
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Currently no similar homes aroundNearby Rentals
$6,000 /mo
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$5,200 /mo
- 2 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017