102 Spikes Circle
About This Property
What makes this home unique is that it's ALL BRICK (all 4 sides) in a community where the builder is no longer building full brick homes. Additionally, this light-colored brick home also features a charming front porch and brick columns that are no longer standard for the Cali floorpan in Hodges. - Inside, you'll find upgrades that elevate the home such as LVP flooring, granite countertops, a classic kitchen backsplash, luxury style lighting and hardware, custom board-and-batten accents, a spacious walk-in pantry, and a large primary suite with an impressive walk-in closet. The split-bedroom layout provides excellent privacy between the primary suite and guest bedrooms.
The backyard is where this property truly stands out! Custom pavers, a covered gazebo, and a privacy-fenced yard create the perfect space for entertaining, summer barbecues, or simply relaxing outdoors. These custom upgrades add both character and value rarely found in comparable homes.
Conveniently located less than 5 minutes from Lynn Haven Bayou Park & Preserve and just 2 minutes from a public boat ramp, this home combines everyday comfort with easy access to some of Bay County's favorite outdoor amenities.
BONUS: In addition to the ALL BRICK exterior & custom backyard additions, the refrigerator, washer, dryer, blinds, and all window treatments convey-- VALUABLE EXTRAS not included with most new construction homes in this community. *The first front photo of the home is virtually enhanced.
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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