1318 Sutton Place DRIVE
About This Property
The large, open layout of the primary suite flows seamlessly into the en-suite bathroom, a masterpiece of modern design and functionality. Equipped with a double vanity, it provides ample space for personal grooming routines, enhanced by the luxury of both a walk-in shower and a separate tub. This thoughtful combination offers the best of both worlds, whether you're in the mood for a quick, refreshing shower or a leisurely soak in the tub. The living area in this home exudes an undeniable charm that instantly captivates and comforts. Featuring wooden beams that gracefully adorn the vaulted ceilings, this space is imbued with character and warmth, inviting family and guests alike to gather and share moments together.
At the heart of this cozy living area stands a charming wood-burning fireplace, a quintessential feature for creating a welcoming atmosphere. Whether it's the crackle of burning logs on a chilly evening or the soft glow of embers on a quiet night, the fireplace adds an element of rustic elegance to the home. The kitchen, the heart of the home, is a cozy and inviting space designed for both functionality and warmth. With a charming dinette area, it's the perfect spot for morning coffees and casual meals, offering a lovely view to start or end the day. The newly painted cabinets, fresh and modern, bring a bright and airy feel to the space, enhancing the overall ambiance. The additional bedrooms in this home are thoughtfully designed, separated by the guest bathroom, ensuring privacy and convenience for family members and guests alike. As you step into the Florida room, you're immediately greeted by an abundance of natural sunshine, streaming through the windows and bathing the space in warm, inviting light. This room is fully enclosed, providing a tranquil setting where relaxation and comfort are paramount. The outdoor living space of this home is crowned with a newly resurfaced pool, presenting an immaculate oasis for relaxation and entertainment. This pool, screened in for comfort and privacy, allows for year-round enjoyment free from the concerns of leaves and insects, ensuring a pristine swimming experience every time. Zoned for Palm Harbor University High School.
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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