992 Balmoral Way
About This Property
The primary suite is a true retreat with dual closets, dual vanities, a soaking tub, walk-in shower, separate water closet, and distinctive coquina rock tile. Step outside to your private backyard oasis backing to a preserve, featuring a screened pool and spa with app-controlled automation, a Paramount in-floor cleaning system, solar shades, and a stamped concrete pool deck. One of the home's most unique and desirable features is the fully fenced backyard overlooking the preserve--an extremely rare find in Baytree. A dedicated pool bath with walk-in shower provides convenient access from the outdoor living area. Additional highlights include a 3-car garage, paver driveway, 2025 roof, 2025 gutters, 2025 pool pump, 2025 jet pump, 2025 pool/spa heater, 2019 upstairs A/C, and 2026 downstairs A/C.
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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 Baytree
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017