2929 SIESTA DRIVE
About This Property
The heart of this home is undoubtedly the fully renovated chef's kitchen featuring pristine quartz countertops, deep double sink, and a practical island with abundant storage. Cooking enthusiasts will appreciate the thoughtful details including built-in knife racks, professional ventilation system, and atmospheric globe lighting. All new appliances complete this culinary workspace, perfect for entertaining or family meals.
The spacious primary bedroom offers comfort with new remote-controlled ceiling fans and updated HVAC returns. Meanwhile, the primary bathroom showcases a distinctive tongue and groove ceiling stained in striking cobalt blue, adding character and charm.
The second bathroom has been doubled in size and now features a luxurious six-foot soaker tub. The Jack and Jill bathroom has been completely transformed with a modern standup shower offering a waterfall option, handheld sprayer, and elegant thick glass doors.
Throughout the home, new high-quality tile and laminate flooring create a cohesive aesthetic. The living room features a built-in electric fireplace with a sophisticated stone facade and a 65-inch television.
Outside, the property boasts impact windows and doors, a freshly painted exterior, and an elevated front yard. The expanded parking area combines concrete and crushed shell for a distinctive appearance. The garage features fresh paint, heavy-duty shelving, and cabinet storage.
Enjoy nearby amenities including Venice High School, Brohard Paw Park, and the Venice Train Depot Public Boat Ramp. Home warranty provided at closing! Motivated SELLER!
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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