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8946 Catamaran Way
About This Property
This beautifully designed 1.5-story, three-bedroom home offers a thoughtful and open layout with two full bathrooms and an upstairs game room. The versatile formal dining room-complete with elegant glass doors-can easily function as a home office or study.
Enjoy cozy evenings in the inviting family room featuring a gas fireplace and direct access to the enclosed porch, perfect for year-round entertaining. The covered front porch adds to the curb appeal, while the expansive backyard boasts a generous patio area, private pool, tranquil fountain, and an abundance of mature trees.
Located in a desirable neighborhood with access to a community park, pool, and scenic lake, this home blends comfort, functionality, and outdoor living.
Don't miss this opportunity-Motivated seller - bring all reasonable offers!
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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 Ridgelake Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017