3451 Fortingale DRIVE
About This Property
The master suite, located on the right side upon entry, is a haven of relaxation. It includes an en-suite bathroom equipped with a stand-up shower, a luxurious soaking tub, and his and hers sinks. The suite also features two walk-in closets, offering ample storage space.
The heart of the home is the large, modern kitchen, boasting a cooking island with seating opportunities, ideal for casual dining or social cooking experiences. The kitchen's open floor plan merges effortlessly with the living room, creating a spacious and welcoming area for family gatherings. Around the corner from the kitchen, you'll find a practical laundry room. On the opposite side of the home lies the in-law suite, a self-contained area with its own en-suite bathroom featuring a stand-up shower, a large closet, and a private entrance from the side of the house, ensuring both privacy and accessibility. The remaining two bedrooms are well-appointed and share the third bathroom, which includes a shower-tub combo. Adding to the home's appeal is an upstairs loft area and a convenient half bathroom. One of the highlights of this home is the covered patio, accessible through glass sliding doors from the master suite, formal dining room, kitchen, living room, and in-law suite. This feature provides a seamless transition to outdoor living, perfect for enjoying the serene view of the wooded area behind the house, ensuring no immediate back neighbors. Residents of Meadow Pointe 4 can enjoy an array of amenities, including a clubhouse, a large pool, basketball courts, and a playground, making this home not only a luxurious living space but also a part of a vibrant and active community.
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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 Wesley Chapel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017