3297 Turtle Cove
About This Property
As you enter the house, you'll be welcomed by a generously sized living room adorned with ample windows. These windows fill the space with natural light, creating an inviting and bright atmosphere. The first floor of this home features tile flooring throughout, adding a touch of sophistication and easy maintenance to your daily life The open floor plan seamlessly connects the dining area, family room and kitchen, creating a perfect space for entertaining and family gatherings. The open kitchen with light wood cabinets and Quartz countertops, has an island with room for bar stools and a dining room table.
Adjacent to the kitchen, you'll find a versatile bonus room that can be transformed into a home office, playroom, gym, or guest room, providing endless possibilities to suit your needs. The conveniently located laundry room, positioned next to the 1/2 bathroom, accommodates your washer and dryer while offering ample space for storage solutions. The 2 car garage boasts tiled floors, adding a touch of sophistication, and provides plenty of room for parking while also offering the opportunity to add cabinets for extra storage. It's the ideal space to keep your vehicles secure while maximizing storage capacity for your belongings.
Head up to the second floor, where you'll find the comfortable and cozy bedrooms. The second floor is adorned with warm wood laminate flooring, adding a touch of elegance and comfort to the living spaces. The guest bathroom features a shower/tub combo, catering to both relaxation and practicality. The master bedroom is a true retreat with 2 windows overlooking the backyard, high ceilings, 2 closets, with one of them being a generous walk-in closet. The master bathroom has his and hers vanities, perfect for a couple's convenience, walk in shower, private toilet area and a jacuzzi tub.
Step outside and discover the expansive backyard, a true oasis for outdoor living. With an extra-large lot, the backyard provides ample space for various activities, including the possibility of adding a pool to create your own private retreat or a fence for your fur babies to run and play in. The presence of a starfruit tree adds a touch of natural beauty and fruit-bearing delight to your backyard, perfect for enjoying fresh, homegrown produce.
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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.
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About Renaissance
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017