324 PALMAS Circle
About This Property
Built by Toll Brothers, this spacious 2,634 sf Royal Sheridan plan offers 4 bedrooms & 3 baths in an open-concept split floor plan. Complete with 10-foot ceilings, 8-foot doors & crown molding throughout. You'll find three bedrooms downstairs and a bonus 4th bedroom upstairs with a full en-suite bath.
The spacious kitchen is ideal for both cooking & entertaining with a center island, wrap-around raised bar & a separate breakfast nook.
The living room features a gas fireplace & surround sound with views of the pool & preserve through a full wall of windows. French doors open off both the living & breakfast room to the covered paver lanai with electric retractable sunshades for added comfort in the summer months.
Meticulously maintained by the original owners, this home offers a whole-house generator, solar panels (paid off) & a well for irrigation.
The roof was replaced in 2016 & the a/c in 2014 & the first floor was constructed in concrete block.
The formal living space could easily be converted to a study for an additional flex space.
Tuscany Ridge is conveniently located inside the Shores Subdivision where you're only minutes away from shopping, dining, or the beach & Hartley Elementary School is less than a mile away.
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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