1090 E Hibiscus DRIVE
About This Property
This exceptional and spacious 3 bedroom/3 bath property is situated on a corner lot and features several updates, an overabundance of natural lighting, soothing color scheme, functional floor plan, spacious rooms, crown molding throughout, hardwood floors, generous size kitchen with Corian countertops, solid wood cabinetry with lighting, stainless steel appliances, desk/office area and archway pass-thru into the dining area. Additional attributes include a sizable living room with fireplace and brick accent wall, and eclectic style bathrooms, and built-ins. Exterior features include mature landscaping, large caged pool/spa/patio with planter areas, wet bar, beverage fridge, wine cooler, and ice machine, decorative cracked tile walkways, open patio with brick pavers, pergola, workshop with electricity and newly installed metal roof. Newer 5 ton AC united ductwork addition to new insulation promote energy efficiency. Located in the heart of Bartow, this magnificent property is convenient to schools, dining, shopping, medical facilities, and public transportation. EASY TO SHOW!
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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