3341 TANTERRA CIRCLE
About This Property
Step inside and be captivated by the fresh paint, new flooring, and exotic stone counters that adorn the interior. The updated kitchen boasts stainless steel appliances and a sunroom with skylights and a cozy wood-burning stove, creating a warm and inviting atmosphere. Unwind in the great room, where a wood-burning fireplace sets the mood for cozy evenings.
Outdoor living is a delight featuring a patio, mature trees, and fenced backyard, providing ample space for entertaining or simply enjoying the fresh air. Put that green thumb to work with the built-in greenhouse right off the great room, providing the opportunity to grow your own herbs, flowers, plants, veggies, or whatever you decide! Additionally, the community pool is just a short walk away, offering a refreshing escape during the warmer months, and Greenwood Elementary is even closer! Easy drives into downtown Olney, The Inn at Silo Falls, and the many beer farms that Olney has become famous for. Don't miss this opportunity to make this exceptional property your new home!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017