763 Cedarcrest COURT
About This Property
The entertainment - friendly design, features three glass sliders which not only allow an abundance of natural light to flood the living spaces, but also create a seamless transition between indoor and outdoor living. Access to the pool and covered lanai from the main living areas creates a delightful flow for gatherings and summer parties.
With a myriad of places to live comfortably, additional rooms include the generously sized kitchen, charming breakfast nook and a separate dining area. Also, currently utilized as an intimate bar area to welcome guests to, is an allocated office/ den area. Additional benefits are the three car garage, newer roof, AC and hurricane shutters.
Whether you're relaxing by the pool, dining al fresco, or simply enjoying the serenity of mature trees and starlit skies, the mix of residing in a sought after neighborhood with its accessibility to essential amenities; such as shopping and dining options, entertainment venues, or the close proximity to the famed legacy Trail, this is not only special, but something you surely won't want to miss out on.
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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