12909 PINEWAY DRIVE
About This Property
This move-in ready home has been extensively renovated with modern finishes throughout, featuring a brand-new kitchen with stainless steel appliances, fully updated bathrooms, new tile and luxury vinyl flooring, new baseboards, fresh interior and exterior paint, new doors, and new windows. A brand-new roof provides added peace of mind and long-term value.
The home offers a spacious and functional layout with abundant natural light and comfortable living spaces. Step outside to a large backyard with screened pool enclosure/cage, perfect for relaxing, entertaining, and enjoying Florida living year-round. The expansive yard also provides plenty of additional space for outdoor activities, pets, gardening, or future customization.
Additional features include a two-car garage, large indoor laundry room with outdoor access, updated finishes throughout, and a generous lot located in a quiet residential neighborhood. Conveniently located just minutes from major shopping centers, restaurants, parks, and the Gulf beaches, this home combines comfort, convenience, and investment flexibility.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017