31865 TORTUGA SHORE LOOP
About This Property
Inside, open-concept living spaces are framed by 10-foot ceilings, tray ceilings, crown molding, and expansive sliding glass doors that create a seamless connection between the living room, dining area, and courtyard views. Luxury plank flooring flows throughout the home and is complemented by a custom-built electric fireplace that anchors the main living area. The thoughtful floor plan separates the primary suite from the secondary bedrooms, providing added privacy.
The kitchen serves as the centerpiece of the home with light European-style cabinetry, granite countertops, stainless steal appliances, a gourmet cooktop with hood, apron sink, custom backsplash, and designer lighting. A large island provides space for gathering and casual seating, creating a natural focal point for everyday living and entertaining.
Overlooking the private courtyard is a detached in-law suite featuring its own bedroom, bathroom, kitchenette, and private entrance.
Outdoor living is enhanced by architectural paver hardscaping that extends throughout the property, creating a cohesive look across the courtyard, driveway, and newly expanded patio areas. The property also offers space to accommodate a future pool, providing flexibility for additional outdoor living and recreation.
The home sits on a fenced corner lot and includes a three-car garage with an epoxy-coated garage floor finished with a triple-coat sealer, smart home features, interior and exterior security cameras, rain gutters, granite countertops throughout the home, and motorized Somfy shades in the living room, dining room, primary bedroom, and in-law suite.
Residents enjoy the exceptional amenities of the Epperson Ranch community, including parks, trails, golf cart–friendly streets, and the 7.5-acre Crystal Lagoon featuring sandy beaches, cabanas, and resort-style recreation.
Located in the heart of Wesley Chapel, the home offers convenient access to shopping, dining, entertainment, and everyday services. Adding to the area's continued growth, the new Johns Hopkins All Hospital currently under construction nearby will bring a major medical facility to the immediate area.
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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%.
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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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About Wesley Chapel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017