14311 83RD PLACE
About This Property
yard. The adjacent Dining area complements the sizable main level living area – all overlooking the Family room below. Step through the Family
Room door and into a Sun-Filled, screen enclosed lanai where you can relax and enjoy the cool breezes while watching the "Fun in the Sun" in the oversized backyard. Finishing out the lower level is a huge indoor laundry room, a lower-level bedroom / Den providing an ideal mother-in-law suite along with a full bath. Outside, a tranquil backyard awaits, featuring a shimmering, HEATED & COOLED inground Pool and Spa and a tropically inspired yard ensuring year-round enjoyment! VALUE ADDED extras include a New Roof in 2022, Tesla Solar Panels, 8.4 Kilowatt installation 2022, Solar heat exchange, 7 panel system to HEAT & COOL the pool 2023, variable speed 220V Pool pump, Pebble-tech pool resurfacing 2021, Newer, Zoned Central AC 2019, Ductless AC (in addition to the zoned Central HVAC) in Primary Bedroom 2019, 5 zone irrigation system, 3/4 inch SOLID OAK Tongue and Groove and Luxury Solid Vinyl Plank Flooring (New in 2018), newer raised ceiling in the kitchen with recessed lighting (2018), wood fence, newer lighting at entry and living areas and new interior paint. Nestled in one of Seminole's most desirable subdivisions, Whispering Pines Forest, walking distance to Seminole Schools, convenient access to Gulf Beaches, the New Seminole City Center and centrally located to Tampa, Clearwater and St. Pete! Airbnb and vacation rental enthusiasts will be THRILLED to know that this property will allow for short term rentals (Unincorporated Seminole County!), making this the IDEAL Investment property!
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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