11347 70TH TERRACE
About This Property
Inside, elegant porcelain wood-look tile flooring flows throughout the home, complemented by warm terracotta-style flooring in the spacious family room. The updated kitchen and living spaces create a welcoming atmosphere perfect for entertaining or relaxing with family. Additional upgrades include updated electric, updated windows and doors, water softener, and built-in washer and dryer. Step outside to your private backyard oasis featuring a gorgeous pergola, complete white vinyl fencing along the back and sides, beautiful pavers surrounding the home, and plenty of room to add a pool. The oversized double parking pad provides space for up to four vehicles. Ideally located within walking distance to the community tennis club and just a bike ride to Seminole City Park, this exceptional property is also only minutes from the sugar sands of Madeira Beach, Indian Rocks Beach, Indian Shores, and Redington Beach, as well as shopping, dining, entertainment, and Seminole City Center. If you've been searching for a beautifully updated, meticulously cared for home your family can move right into, look no further - this is the one.
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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%.
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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