12236 Red Pine Place
About This Property
Just an FYI Future homeowner(s) can build a swimming pool and jacuzzi in the back of the property in he/she decides to do so, as there is plenty space in the back of the house. This stunning open floor plan and unfurnished rental property that is very spacious with endless possibilities for accomodations, on how you could utilize the space throughout the entire property. Natural gas chefs kitchen for the ones that love to cook at home and enjoy having a natural gas at the property. Property has modern contemporary custom tile flooring and carpet in some of the bedrooms. Home has impact hurricane proof glass for all the windows and doors, therefore no hurricane shutters needed. Property offers natural gas, which is amazing added bonus for the ones that love to cook and spend a lot of time in a kitchen. Property also has a 3 car garage, as well as, plenty of room in a back of the house with covered patio and screened lanai area, that overlooks greenery and a beautiful lake. Home is located centrally located at highly desirable luxurious RIVERCREEK community built by GL HOMES in Estero, Florida. An exceptional Rivercreek community club house offers world class amenities such as: resort style pool, fitness center, indoors basketball court, kids playground and children's splash park, 6 pickle ball courts and 4 tennis courts and much more.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 26, 2026 | Listed by Realty One Group MVP | $950,000 | |
| Listed by Realty One Group MVP | |||
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About Lee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017