7824 7th Terrace
About This Property
Inside, you'll find luxury vinyl flooring, quartz countertops, stainless steel appliances, a reverse-osmosis whole-house dual membrane water filtration system, and 3 Ton ComfortMaker HVAC all add to the elegance, dimension and functionality of this home. Stylish, upgraded light fixtures and attention to detail can be seen throughout the home. The split floor plan provides privacy, with a spacious primary suite featuring a tray ceiling, two walk-in closets, and a spa-like bathroom complete with a large walk-in shower, double sinks, and a relaxing bathtub. The home also includes two generously sized additional bedrooms and a shared full bathroom.
Hurricane season is no worry here-this home is equipped with a durable metal roof and impact-resistant doors and windows for added peace of mind. Step through the back sliders and onto your lanai, where you can unwind and enjoy serene views of fruit trees and well-tended gardens.
For those who need space for hobbies or storage, the property includes Boat Barn, a 30 ft by 35 ft Carolina Carport steel building with two 12 ft wide by 14 ft high rollup doors, built to withstand 170-180 mph winds - perfect for a boat, truck, RV, or workshop. Additional features include a built-in grill for outdoor entertaining, a screened garage, and a comprehensive security camera system.
With its blend of rural charm and modern convenience, this home is your gateway to a quieter, more grounded way of living-without sacrificing comfort or style. Step into country living at its finest.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017