1346 QUEEN ROAD
About This Property
This well-appointed 3-bedroom, 2-bathroom home features a practical split floor plan with the kitchen as its heart, showcasing elegant granite countertops and ample space for entertaining. The outdoor oasis includes a generous 13' x 26' pool surrounded by a 36' x 23' caged deck, plus a covered 14' x 14' lanai – creating the ultimate space for year-round enjoyment.
Recent updates include a brand new roof (December 2024) and a 2019 AC system, offering peace of mind for years to come. The property comes fully equipped with hurricane shutters and a generator hookup in the garage, ensuring safety during storm season. A fenced backyard and storage shed provide additional security and convenience.
Location is everything, and this home delivers. Situated outside the flood zone, you're just steps away from Shamrock Park's countless amenities including walking and biking trails, tennis courts, basketball courts, and the prestigious Legacy Trail and Venetian Waterway Trail connections. These trails provide direct access to Venice Island, making it easy to enjoy everything this charming coastal community has to offer.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017