8703 Redondo Drive
About This Property
Light-filled interiors feature soaring ceilings, natural wood beams, soft neutral tones, and graceful architectural arches that create a refined yet inviting atmosphere. The open-concept living area flows seamlessly into a chef's kitchen with custom cabinetry, a Bertazzoni range, premium appliances, and a spacious island designed for gathering.
The primary suite is thoughtfully positioned on the first floor, providing a private retreat with a spa-inspired bath and generous closet space. Additional bedrooms and flexible living areas offer comfort and versatility for guests, work, or recreation.
Carefully curated finishes and architectural details reflect the signature sensibility of CH Design Studio, creating a home that feels both timeless and effortlessly livable. Ideally located near White Rock Lake, neighborhood parks, and beloved local dining, this residence captures the unique charm and lifestyle that define Little Forest Hills.
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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