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3705 Tranquility Drive
About This Property
A long private driveway with SHARK COATING enhances security and seclusion while leading to the detached two-car garage with SHARK COATING with ample room for vehicles, recreational equipment, and storage. An oversized attached single-car garage with SHARK COATING, convenient carport, and abundant storage throughout the home provide exceptional functionality. Additional features include a central vacuum system, dual HVAC systems, gas water heater, gas furnace, and irrigation supplied by the property's well and pond.
Recent updates include a new roof (2024) and gutters (2026). For added peace of mind, appliances and major systems are covered through February 2027 by a seller-paid home warranty. Optional lawn care, pool maintenance, fertilization, and sprinkler services are already established, allowing for truly low-maintenance living if desired. Some photos digitally staged.
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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%.
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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