132 SAN TELMO Court
About This Property
The spacious 18 x 30 family room has seating space for everyone, showcasing a tray ceiling and built-in display shelving. Sliding doors open off of both the dining space and the family room to a covered screened lanai and fully fenced backyard with ample room for a pool.
The gourmet kitchen boasts an island breakfast bar, double ovens, an Electrolux induction cooktop, quartz countertops, 42'' upper cabinets, and a subway tile backsplash. A sunny dining nook off of the kitchen overlooks the backyard.
The walk-in pantry has free-rail adjustable shelving, a butcher block countertop, and lower cabinets for additional storage. (CONTINUED) The spacious owners' suite offers an oversized walk-in closet, and the primary bath is complete with split vanities, a walk-in shower, a garden tub and a linen closet.
The walk-in laundry room features a decorative tile backsplash, a soaking sink, and upper cabinetry. Complete with an LG washer and dryer set with pedestals, this home is move-in ready.
There's ample room for parking with a 3-car garage and an oversized paver driveway.
Located in the sought-after gated community of Palencia, residents enjoy a fitness center, three community pools, lighted clay tennis courts, pickleball courts, sports fields, fitness trails, and a boardwalk leading to the Intracoastal. There's an A-rated Elementary school within the neighborhood and a championship Arthur Hills-designed golf course. This community is the perfect place to call home.
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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%.
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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