12555 CHILIPEPPER DRIVE
About This Property
This beautiful location is on the Cape Haze Peninsula which is surrounded by Charlotte Harbor and the Gulf of Mexico.It is also next to over 6,000 acres of the Charlotte Harbor State Preserve and nearby many state parks providing hiking, canoeing and other outdoor activity opportunities. This subdivision is deed-restricted and has a mandatory Homeowner's Association (HOA) requirement. The annual HOA fee is currently $145 per lot. Current use is Vacant Residential and zoning is RSF5. County water and sewer are available.The closest beach is Boca Grande Beach approximately 10 minutes away on Gasparilla Island. Gasparilla Island is one of the most exclusive islands on the Florida Gulf Coast, which includes the town of Boca Grande and is known for its famous residents. World class fishing in the waters off Boca Grande and gorgeous Gulf beaches in mearby Englewood and Manasota Key. Golfing, shopping and dining are also nearby. This lot would be perfect to build a year round residence, winter retreat or investment home.
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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