3437 TARPON Drive
About This Property
MUST SEE!! This GORGEOUS TURN-KEY home in Arlington Acres has been tastefully updated with modern finishes inside and out! The grand entry way features new light fixtures with an attached wall mounted pergola. As you enter the home you will fall in love with the modern design of the foyer chandelier and enjoy the bright natural light from the front door and windows. No need to worry about privacy as the front door windows have been covered with one way visibility tinted film. This 4 bedroom home has plenty of closet space. The extra bedroom comes with a brand new mini split ac unit and expands the heated square foot of the property by 108 sqft (not included in the tax roll-buyer to verify approx sq ft). Whoever occupies this room will appreciate this quiet and effective system for air conditioning while enjoying full control of the temperature setting to their satisfaction.
Calling all chefs! The kitchen features a GE double oven so you can cook simultaneous meals! Enjoy the stainless steel appliances, mounted range hood, beautiful backsplash, quartz counter tops and white shake cabinets with soft close hinges!! Could you ask for more? How about new trending grey paint, new vinyl flooring in the common areas and new carpet in the bedrooms? Yes! This home has parking space for all the friends and family to gather with a 1-car garage and a long curved driveway that can fit 3 or more vehicles. The serenity of the backyard is undeniable, shaded with mature trees and fully fenced-in. The landscaped flower beds in the front yard add that extra curb appeal to this eye catching property.
This home checks off all the boxes! Bonus features of the main components include: new roof, hvac 2017, stackable washer and dryer and 3 year old water heater.
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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 Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017