7621 Tralee WAY
About This Property
As you enter, you'll be greeted by elegant coffered and tray ceilings. The spacious living room boasts a gas fireplace and large sliders that frame beautiful views of the pool and lake. The bright dining room is adorned with expansive windows, while the open kitchen includes a breakfast bar and a spectacular floor-to-ceiling aquarium window, creating an inviting atmosphere for meals.
The family room also features sliders that enhance the connection to the outdoor space. The expansive master suite includes a private office, and the master bath is a retreat with dual sinks, a garden tub, a walk-in shower, and a generous walk-in closet. The main office has double French doors and is perfect for an in-law suite, complete with its own entrance, bedroom, and bathroom.
The additional four bathrooms have been thoughtfully updated, and the home is surrounded by a native garden that attracts butterflies. The standout feature is the stunning backyard, complete with a gorgeous pool, pool bath, and serene water views, perfect for relaxation and entertaining.
River Club has great golf and is close to dining, shopping, and top-rated schools. With easy access to I-75.
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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