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8592 N TEATHER TERRACE
About This Property
As you enter through the foyer, you are greeted by a wide floor plan featuring a spacious great room. This expansive area is the heart of the home, perfect for gatherings and social events. The Marigold kitchen is a chef's dream, featuring quartz countertops, a dining island, a pantry for extra storage, and a full line of appliances including an e-Star side-by-side refrigerator. Adjacent to the great room, a versatile flex space can be adapted into a dining room, craft area, sitting room, or fitness space to suit your needs.
The great room also features a sliding glass door that leads to an extended rear patio, encouraging effortless outdoor relaxation. Every bedroom is conveniently situated for accessibility. Two bedrooms at the front of the home share a full bath, with one including a walk-in closet, while an additional bedroom is located at the rear. The luxurious primary suite serves as a private retreat, complete with dual vanities, a walk-in shower, and a large walk-in closet.
Practicality is woven throughout the design, including a laundry area with a walk-through to the two-car garage for easy vehicle and storage access. Built for both protection and style, the home is equipped with architectural shingles, a base security system, and a full builder warranty. Whether you seek a perfectly livable sanctuary or a stylish place to host guests, the Marigold delivers it all in the heart of Citrus Springs.
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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 Citrus Springs
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017