135 Shady Pine LANE
About This Property
As you enter the main door, you will notice the luxury laminate flooring leading you to the spacious living room with vaulted ceilings. The split bedroom floor plan provides privacy and peace. Large French doors lead you to the beautiful screened lanai and oversized backyard. Enjoy your family dinners cooking in this fully updated kitchen (2016) with stainless steel appliances, granite countertops and solid wood cabinetry. Recent major updates include a new roof (2022), new water heater (2016), new garage door and motor with a remote opener (2022), and windows throughout the property replaced in 2016. Additionally, the AC unit will be replaced before closing, so the 10-year warranty can be transferred to the new owner. A community fence is required in the By-Laws and is currently moving through the HOA legal process to be replaced.
The small community of Laurel Pines is only minutes away from one of the most beautiful beaches in the country, Nokomis Beach. With 57 homes and only $500 annual HOA fees, it is perfect to become a forever home or maybe your winter retreat. Come and see this beauty; you won't regret it!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017