8650 Prospect Lane
About This Property
Step into luxury as you enter this meticulously renovated home with high ceilings and an abundance of natural light. The open-concept kitchen features sleek quartz countertops and is ideal for both everyday living and entertaining guests.
With one bedroom conveniently located downstairs, complete with a cabana bath, this home offers versatility and comfort for families of all sizes. Upstairs, discover four additional bedrooms, including a grand primary suite with soaring ceilings, large walk-in closets and a beautifully appointed bathroom featuring dual shower heads and separate vanities.
Enjoy the convenience of electronic shades throughout the home, ensuring privacy and comfort at the touch of a button. Both A/C units were replaced in 2019, providing peace of mind and efficient cooling year-round. With a three-car garage and a total of 5 bedrooms and 3.5 bathrooms, this home offers ample space and luxury at every turn.
In the community, indulge in resort-style living with access to incredible amenities, including two stunning clubhousesMiralago and Cascataboasting a large pool and a state-of-the-art fitness center.
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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 Parkland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017