10550 Alpaca CIRCLE
About This Property
An authentic tiki hut constructed by the Seminole's, with an upgraded outdoor kitchen with stainless steel appliances and granite countertops. The pool pump, heater and the saltwater system were new last year, Water heater, dishwasher, stove and irrigation pump were purchased this year. The kitchen was completely updated with granite countertops and stainless-steel appliances, soft close drawers and doors and has more than most cabinet space for all your cookware. New front door with sidelights, driveway extended for boat or small RV with a paver's walkway to the dock.
Access out to the Gulf of Mexico through the lock system and Charlotte harbor. Extra deep sailboat canal, 9 feet in the middle, "no wake" is less than a mile and it takes only 15 minutes to navigate the lock to Charlotte Harbor. The dock has new dock bumpers, lights and 20 new dock boards, New 10,000 LB boat lift and motors, canopy and frame are also new. In addition to the boat lift, this home also has a Jet Ski floating dock system, water, electric and fish cleaning station.
Three sliders open to the large lanai and plenty of room for entertaining friends and family. The ½ bath was completely remodeled and is located off the lanai for easy access from the pool area.
Bring your fishing rod so you can enjoy catches of redfish, tarpon, snapper and snook right from your dock. This home is on city water and sewer. HOA is optional 120 year with access to playground, clubhouse, park and private boat ramp. This home is also close to 5 golf courses, beautiful gulf beaches of Boca Grande, Englewood and Venice a short ride away.
Home comes furnished and an additional upgraded list available upon request, Put this exceptional home on your list, you won't be disappointed. Check out the walk through video
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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%.
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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