8410 ELGIN DRIVE
About This Property
Inside, you'll find spacious living and dining areas filled with natural light, along with an oversized kitchen that provides plenty of room for cooking, gathering, and entertaining. The generously sized bedrooms offer comfort and flexibility for guests or hobbies, while the private primary suite serves as a relaxing retreat. An interior laundry room adds everyday convenience, and the two-car garage provides ample storage space.
Timber Oaks residents enjoy access to a clubhouse, pool and spa, fitness center, tennis, pickleball, shuffleboard, walking paths, and a full calendar of social and recreational activities. Conveniently located near shopping, dining, medical facilities, parks, and Gulf Coast beaches, this home offers both comfort and accessibility.
Priced competitively for today's market, this is an excellent opportunity to enjoy low-maintenance living in a well-established community. Schedule your private showing today.
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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 Timber Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017