2510 162nd TERRACE E
About This Property
Step onto oversized 24x24 polished porcelain tile that runs throughout, highlighted by designer light fixtures, multiple tray ceilings, accent sconces, and under-cabinet lighting. A formal dining room with custom trim and mirror, formal living area and family room offer various options for entertaining and gathering. The stunning chef's kitchen boasts stainless steel dual wall ovens, a glass cooktop, butler's pantry, dry bar, prep desk, and striking granite countertops.
The owner's suite is a true retreat with two spacious walk-in closets, an expanded bathroom featuring a large shower, and an enlarged dual sink and makeup vanity. The home also includes a laundry room with a utility sink and plenty of storage cabinets and a drying bar.
The home office, featuring large windows overlooking the front yard and French doors for added privacy, is ideal for remote work. A bonus room offers serene nature views, adding to the home's charm. Additional features include multi-zoned AC system, irrigation system, wired for surround sound, protective storm panels and a new roof in 2023! Enjoy outdoor living for pets or family with 580 square feet of covered lanai space, offering room for a future custom pool. Situated on a nearly half-acre lot, the property is located on a quiet/ cul-de-sac side street with a tranquil pond and a beautiful backdrop of oak trees.
Twin Rivers residents enjoy miles of sidewalks, boating and kayaking access to the Manatee River, playgrounds, sports courts, and more. Experience evening golf cart rides and leisurely walks, all while being just minutes from shopping, schools, and other amenities. This is Florida living at its finest.
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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