12309 Fairlawn DRIVE
About This Property
This is the home that you have been waiting for!! This home is located in the established and sought-after Panther Trace Community! Boasting a beautiful mature front lawn, and a covered entry-way. Walk in to the open foyer and enjoy the view out to your back yard and screened in patio. The heart of the home is finished with stainless steel appliances, huge island and a walk-in pantry! Living area is fully tiled and layout is open to fit your needs.
This split plan home features a large owners suite with an on-suite bathroom that has double vanity, soaking tub, walk in shower and his and hers closets. The other 3 bedrooms are ample size and layout would accommodate a quiet office space. Home has plenty of storage space with a separate laundry room. Bring the family, or have room to grow, this home is just minutes from the elementary school and walking distance to all the neighborhood amenities. This home is a MUST SEE!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 27, 2023 | Sold | ||
| Sold | |||
| Oct 25, 2023 | In contract | - | |
| In contract | |||
| Oct 3, 2023 | Price Increased |
$400,000
↑ $100
(0%) | |
| Price Increased | |||
| Aug 26, 2023 | Price Decreased |
$399,900
↓ $14K
(3.4%) | |
| Price Decreased | |||
| Jul 7, 2023 | Listed by BHHS FLORIDA PROPERTIES GROUP | $414,000 | |
| Listed by BHHS FLORIDA PROPERTIES GROUP | |||
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About Riverview
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$2,750 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017