8015 Papaya Drive
About This Property
As you enter you will find a versatile office space behind beautiful French doors, a formal dining room for special gatherings and butlers pantry for convenient access to the kitchen. The kitchen features abundant cabinetry, an island to gather around and space for casual dining. The spacious living area boasts gorgeous built-ins and a cozy fireplace, creating an inviting atmosphere for relaxation or entertaining.
The primary ensuite is a luxurious retreat, complete with a separate shower, Jacuzzi tub, dual vanities and dual closets. The upstairs also boasts three additional bedrooms with two full baths, a spacious bonus room for comfortable movie watching and additional space that would make an ideal craft room or reading nook. Convenient hallway entry to the walkup attic makes accessing storage quick and easy.
Step outside to discover a charming deck and patio, firepit area, large hot tub and your own private bocce court!! A large fenced in area provides a convenient and safe space for your pup to run around. The front yard and long curving driveway add beautiful curb appeal to this delightful property and a rare 3 car garage allows for versatile parking as well a the potential for fantastic garage parties!
Don't miss the opportunity to make this exquisite house your new home.
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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