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8008 WASHINGTON DRIVE
About This Property
This spacious 5-bedroom, 3-bath home offers approximately 3,554 sq. ft. of versatile living space - perfect for a large family or potential multi-family use.
Enjoy the outdoors from the large, sweeping balcony that wraps around the home, accessible from the Primary Bedroom, Sunroom, and Living Room.
The lower level features a bedroom with an en suite bath, an additional room that could serve as a bedroom or office, and a large living area filled with natural light from the many windows.
Upstairs, you'll find 3 more bedrooms, 2 full baths, a bright Living Room, Sunroom, and a Chef's Kitchen equipped with stainless steel appliances, a center island, and plenty of counter space.
Recent updates include:
New paved driveway
New refrigerator (2024)
New sump pump (2024)
Professional carpet cleaning
Upgraded ceiling fans
Enjoy all that Presidential Lakes has to offer - including a community swimming pool, wading pool, tot lot & playground, multi-purpose court, picnic pavilions, and two lakes (Lake Monroe & Lake Madison) with boat ramps, beaches, and pavilions for endless outdoor fun.
Come see this beautiful home and experience the Presidential Lakes lifestyle!
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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 King George
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017