7319 Tillman Drive
About This Property
As beautiful as the view is, so is the interior. Wait until you see this kitchen!! Gorgeous wood cabinetry & plenty of them, granite counter tops, tumbled marble backsplash, under mount lighting, china cabinet and a built in wine cooler! You will love it! The kitchen is open to the family room and sliders from the FR open to your private paradise, the pool and lake. The floor plan is open and flowing with a formal living room and dining room too. What fabulous space for entertaining. Another HUGE bonus: Your master suite on the ground floor, & the other 3 br's are upstairs. The master suite is the perfect size and there you have it, those beautiful blues of the pool and lake. Your master bath is so luxurious!! Marble tile, spa tub and separate shower. The shower stall continues with the marble. With the other 3 br's on the second floor & having the master on the ground floor along with this luxurious bathroom it becomes your private retreat. & wait we are not done with the rest of the benefits of this beauty, the property!! It has a huge yard!! Plenty of room for kids play set, trampolines, doggie park and more! It also has accordion hurricane shutters on the top floor, roof was replaced in 2006 , A/C in 2013 & hot water heater in 2012 and pool screen enclosure in 2006.Worry free! Let's not forget the lovely landscaping that includes papaya, banana, coconut, mango and avocado trees!! As you approach the front door you will see several pineapple plants. Pineapples are used to express welcome, good cheer, human warmth and family affection. These pineapples that are growing in the front garden are the symbol of exactly what you will have when you make this your new home. Welcome 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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About Lake Charleston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017