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3905 CARDIFF PLACE
About This Property
The gourmet kitchen features upgraded cherry cabinetry, a cafe dining area, breakfast bar, and walk-in pantry. The great room showcases rich hardwood flooring, recessed lighting, and decorative niches, while stacking sliding glass doors create a seamless connection to the screened lanai and private outdoor retreat. The lanai overlooks mature hedges and palm trees and provides the perfect setting to enjoy the heated pool and spa.
The generously sized primary suite offers abundant natural light, plush carpeting, dual walk-in closets, and a private bath with solid wood cabinetry, a glass-enclosed walk-in shower, and relaxing jetted spa tub. A 3-car garage with a 2-foot extension provides additional space for vehicles, storage, or hobbies.
Kingsfield residents enjoy community amenities including a neighborhood pool, basketball court, and two playgrounds. The location also provides convenient access to shopping, dining, parks, schools, boat ramps, and the Gulf Coast beaches.
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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