132 TALBOT ROAD
About This Property
Step inside to find a bright, open floor plan that flows seamlessly from the living area-with a new electric fireplace and tiled surround-to the dining space and kitchen. The kitchen features granite countertops, stainless steel LG appliances, and a window over the sink that fills the room with natural light, framing a view of the backyard. Down the hall are three comfortable bedrooms, including a primary suite with two large closets, an ensuite bath with a standing shower, and a versatile den area that opens through sliding glass doors to the rear deck. A second full bath, featuring a large vanity and a tub/shower, serves the additional bedrooms.
Outside is designed for relaxation and entertainment-a large wooden deck leads to a fenced yard complete with a fire pit, gazebo, and a new 12×10 shed. The property's standout feature is the newly built 20×30 detached garage/workshop, which features its own HVAC system, along with a gravel driveway that provides ample parking.
This home has undergone extensive updates from top to bottom. Improvements include new Brazilian Cherry EVP flooring, HVAC systems and ductwork, a ductless unit in the rear garage, new LG appliances, updated interior and storm doors, and expanded primary closets. The crawl space has been fully encapsulated with added drains and pumps, and a new Rheem tankless water heater, well pump and tank, and water-treatment system have all been installed. And that's just the beginning-see the disclosures for the complete list of updates and improvements!
Located in the desirable Kent Island Estates, just minutes from community parks, paths, and a boat launch, this home offers the perfect blend of comfort, convenience, and a coastal lifestyle.
Please note there are three community associations in the area: Kent Island Estates Community Association (KIECA, a voluntary association), The Beach Recreation Association (a voluntary association), and the KIE Road Maintenance and Construction Association, with mandatory dues of $10/lot/year.
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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