2884 Tupelo Drive
About This Property
Thoughtful details throughout the home include cathedral ceilings that create a sense of openness, a split floor plan for added privacy, and hurricane shutters for peace of mind. The large laundry room adds convenience to daily tasks, while the home is equipped with a new roof and an updated HVAC system for optimal comfort year round.
Set on over half an acre, this property features an oversized 2-car garage and impressive curb appeal. An efficient irrigation system ensures lush landscaping, while the septic system, installed in 2019, offers peace of mind. The home also boasts water treatment and conditioning systems, providing high-quality water throughout the house.
Located in Kings Point, residents enjoy a tranquil neighborhood atmosphere with easy access to local shopping, dining, and entertainment. The nearby Pretty Bayou Boat Ramp enhances the coastal lifestyle, providing residents with easy access to water activities.
This home is not just a residence; it's a lifestyle opportunity waiting to be seized. Experience the best of Florida living in this stunning property!
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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