865 Sutton PLACE
About This Property
As you enter the home, the screened porch with French doors that open to the interior create an elegant invitation to come inside. During the cooler months, you'll be able to let fresh air circulate throughout without sacrificing privacy. The spacious living room and dining room feature large windows and sliding doors to the air-conditioned Florida room. The open layout is perfect for entertaining. The Florida room is a green thumb's dream come true with tons of natural light and walls of windows.. The galley style kitchen features beautiful granite countertops, mirrored backsplash, newer (2018) stainless appliances, a pantry and plenty of storage space. The breakfast nook with a bay window provides a comfortable and intimate space for enjoying a cup of coffee and a good book. The large master bedroom features an ensuite and large walk-in closet. The second bedroom also has a large walk-in closet and private access to the common bath. The attached one-car garage hosts the laundry room as well as additional parking for a golf-cart. The villas of Sutton Place HOA include exterior maintenance such as painting, grounds maintenance and irrigation. Membership to the HOA also includes cable, internet, irrigation and trash removal. Membership to the Highland Lakes HOA provides access to the incredible amenities and activities available on site. Homeowners are responsible for the roof and interior maintenance. Roof 2020. Water Heater 2012. AC 2008. Hurricane rated garage door 2021.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017