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8300 Tempest Ridge Way
About This Property
The upper-level features 3 spacious bedrooms starting with the master suite, a bright 5-piece bath with skylights, tile floors, and a walk-in closet. Down the hall, two more large bedrooms and Jack and Jill bath. A dedicated laundry room completes the efficient and desirable layout with a pass thru linen closet. The lower level includes a large fourth bedroom which could be used as a flex space, a family room, media room, game room or ??, a third updated bath, and walk-in storage space.
Updates include refinished hardwood flooring in the entry and kitchen, new tile floors in bathrooms and laundry, new upgraded lighting fixtures and fans, quartz counters throughout, new stainless-steel appliances in kitchen, new carpet and new central A/C. Newer windows, sprinkler system, and radon mitigation system. Perhaps the biggest surprise is found outside. The exterior features mature landscaping, front deck and rear patio with many tall pine trees providing a forest setting to enjoy. Ideal for parties or a peaceful morning coffee! Perfectly located on the southern end of Parker and the Pinery Golf and Country Club. RV storage available, super low HOA fees. The list goes on and on. Don't miss out!
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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