Located in the desirable community of Normandy Isles, this
beautifully maintained 1-story home offers 1,874 sq ft of living
space on a quiet cul-de-sac with a 2018 roof and newer Trane
dual-zone air conditioner. Featuring 3 bedrooms plus an enclosed
den/office and 2 bathrooms, this home combines comfort,
functionality, and style. Enjoy complete accordion shutters for
added storm protection, a 2-car attached garage, spacious driveway
for extra parking, and the peace of mind of a gated community with
a security guard and two entrance access points. The home is
fully rewired for CAT 5 and alarm system connectivity, with sensors
installed throughout the entire attic. Inside, the home showcases
travertine stone and tile flooring throughout, stainless steel
appliances, granite countertops, and rich wood cabinetry. The
kitchen includes a convenient laundry area with washer and dryer,
and all appliances and furnishings stay with the home. Step
outside to your private outdoor retreat featuring a saltwater pool
with upgraded travertine patio and lanai, perfect for relaxing or
entertaining year-round from the covered, screened patio. The pool
was professionally resurfaced in 2020 by Green Turtle Fiberglass
Pools. The spacious primary suite features private doors leading
directly to the patio and pool area with individual access points
for added convenience. Additional upgrades include a
whole-house water filtration system by Island Water, fully paid for
by the current owners. The system services the showering and
laundry water supply, and the new owner may continue service
directly through Island Water for future filter maintenance if
desired. Conveniently located in a gated community with
security guard access and two entrance points, this home offers
both privacy and accessibility.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017