80 Rae DRIVE
About This Property
The heart of this home is the updated kitchen, featuring shaker cabinets and granite countertops. The adjacent formal dining room, which could also serve as an office, provides a versatile space for your needs. The expansive master suite offers his and hers closets and a large master bathroom perfect for unwinding after a long day. Two additional bedrooms are perfect for guests or a growing family. Outside, the fully fenced backyard offers a private retreat with a pergola and an expansive lanai, ideal for outdoor entertaining. The highlight of the outdoor space is the salt water pool, complete with a full enclosure and updated pool equipment. Additional features of this home include a large circular driveway, ensuring ample parking space for you and your guests.
Don't miss the opportunity to own this stunning coastal home, where every day feels like a vacation! Schedule your private showing today.
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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 Lehigh Woods
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017