8702 SW 83rd CIRCLE
About This Property
Here for entertaining? The built-in shelving off of the formal dining room would be fantastic as a formal bar, or added
space for all of your prized serving pieces. Pass into your stunning dream kitchen that features SS appliances, a gas stove, Zodiac Quartz Counter tops, complete with a breakfast bar and a pantry. In the family room, you'll find multiple built-ins, just waiting for your collection of books, and pictures of your family. Off the living room you will find 2 Beautiful guest bedrooms with ample closet space and a lovely guest bath. There is also a Den that is currently being used as an office. The office/den has additional built-in shelving to house your precious heirlooms, and keepsakes. On the other side of the home, you will find the Owner's Suite. With plenty of room for your king sized bedroom furniture and has 3 walk in closets for your wardrobe. En Suite bath features a double vanity sink, a walk in tiled shower equipped with seat, and a private lavatory and linen closet. Just off of the Owner's Suite is the formal living room, which is a great space for that multiple entertaining ability and exits to the oversized Lanai. The Lanai is both under roof, and has screened in bird-cage, which ensures that you'll be able to spend time with your friends and family rain or shine. Don't forget there's plenty of space to accommodate a grill, lanai furniture, and planters to set the mood for relaxation. The backyard is private with beautiful mature landscaping. This home has Crown molding with an
upgraded finished look throughout, Recessed lighting, trey ceiling in the living room, inside laundry area off the kitchen, hardwood floors, a
security system and a BRAND NEW ROOF THAT WAS INSTALLED MARCH 2022. Don't forget the 2 car garage with more storage space, attic, shelves and another outside refrigerator. All of this comes complete with community amenities such as 3 golf courses, one being the Candler Hills Golf Course, with many clubs to join, Softball, Pickle-ball, Gardening, Tennis, an Exercise Facility, several swimming pools, 3 restaurants and so much more. Furniture is also negotiable.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017