11950 Tempest Harbor LOOP
About This Property
Upon entering, you immediately notice the open floor plan, freshly painted neutral decor, the abundance of natural light, and the beautiful view of the water beyond your lanai. The flooring throughout the common areas is in a pretty, beige tile and the bedrooms are covered in rich, engineered hardwoods. The kitchen is spacious and offers a separate, eat-in breakfast nook with a window, a nice pantry, and a breakfast bar. The cabinets are a warm, medium brown finish, the appliances are light and bright, and the countertops match the tile flooring. The primary suite is spacious with a double window offering a beautiful water view and a ceiling fan. The en suite bath has a double vanity, large walk-in closet, and separate tiled shower. Two additional bedrooms with ceiling fans and closets that share a second bath are perfect for guests and/or offices. The lanai is simply wonderful and relaxing, and overlooks a serene pond that is visited by abundant wildlife. A charming stone paver patio outside the lanai is the perfect spot for grilling, and the backyard is conveniently fenced!
Stoneybrook offers a fabulous, very active clubhouse for both adult and family functions -- cards, meetings, library, parties, coffee, music, barbecues, holiday entertainment, etc. There's also a kitchen, media room, spa, pool, pool music, splash fountain, fitness center, tennis, pickleball, volleyball, basketball AND . . . just steps away! Additionally, Stoneybrook at Venice is conveniently located close to several beaches and historic, downtown Venice.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017