7647 ROYAL CREST Drive
About This Property
OUTSTANDING TWO STORY HOME ON THE LAKE! The grand entry opens to a formal living and dining room. The UPDATED kitchen features EXOTIC CUSTOM granite tops, gorgeous cabinetry, high-end SS Jennair appliances including convection oven. The Chef's Kitchen boasts a butler's pantry ideal for entertaining. The hardwoods throughout add to the appeal of this special home. The kitchen opens to the family room which is anchored by a fireplace with built-ins. The luxurious master retreat is located on the first floor. The updated master bath will ''WOW'' you with the enclosed tub, endless tile and seamless shower.
Upstairs offers four generously sized bedrooms. The spacious covered Lanai includes pavers and a beautiful view of the scenic lake lake
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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