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8475 Pine Cay
About This Property
Experience luxury living in this exquisite residence on an oversized lot. A grand double-door entry opens to elegant porcelain tile floors, crown molding, and a gourmet kitchen with granite counters, marble backsplash, an oversized island, and stainless steel appliances. The open plan flows seamlessly through formal and casual spaces, all showcasing serene backyard views. The lavish primary suite offers tray ceilings, walk-in closets, and a spa-inspired bath with Jacuzzi tub and separate shower. Step outside to your private tropical retreat with a sparkling freeform pool, lush landscaping, and accent lighting. Community amenities include 24/7 gated security, lawn care, clubhouse, fitness center, Olympic pool, spa, tennis, and much more.
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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