12277 STUART DRIVE
About This Property
Featuring 3 bedrooms, 2 bathrooms, and a dedicated office, the split floor plan provides excellent separation between the primary suite and secondary bedrooms. The office includes double glass French doors, and the home offers abundant closet space throughout. Ceramic tile flooring throughout with no carpet makes maintenance easy, and a newer AC system (2023) provides efficient year-round comfort. KITCHEN AND INTERIOR FEATURES include fingerprint-resistant black stainless steel appliances, electric range with gas connection in place, quartz countertops, subway tile backsplash, and a large walk-in pantry. Inside laundry room includes a utility sink. Pull-down attic stairs provide easy garage access. STORM AND SAFETY FEATURES include accordion or roll-down storm shutters on all windows and doors, along with an impact-rated front door for added peace of mind. GRAND PALM AMENITIES include multiple resort-style pools, fitness center, tennis, pickleball, basketball and volleyball courts, miles of walking and biking trails, dog parks, playgrounds, clubhouse, social clubs, and a full-time activities coordinator. Conveniently located near shopping, dining, beaches, and historic downtown Venice.
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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