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1231 W MEDITERRANEAN Drive
About This Property
Islands.'' Located just minutes from Downtown Gilbert, top-rated schools, and local amenities, this 4-bedroom, 2.5-bath home has been thoughtfully updated throughout. Enjoy beautiful interior paint, stylish wood-look tile flooring, and modern fixtures. The layout includes high
ceilings, formal living and dining areas, a welcoming family room, and a striking custom tile fireplace.The spacious eat-in kitchen features updated white cabinetry, sleek black hardware, quartz countertops, tile backsplash, and stainless steel appliances. Downstairs also includes a convenient powder room-ideal for guests. Upstairs, the expansive primary suite offers a cozy sitting area, large walk-in closet, and a luxurious ensuite with dual vanities, a garden tub, and a separate shower. Step outside to your private backyard oasis, complete with a beautiful covered patio and
a brand-new saltwater pool equipped with heating and cooling controlsperfect for year-round enjoyment. The backyard is the perfect entertaining space ideal for relaxing or hosting guests.
The 2-car garage features built-in cabinetry for added storage.
Don't miss this rare opportunity to own a move-in-ready home in one of Gilbert's most sought-after communitiesthis one will go fast!
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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 The Islands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017