147 HIBISCUS DRIVE
About This Property
This three-bedroom, two-bath pool home offers beautiful open basin water views and outstanding boating features, including a concrete dock with additional pilings suitable for larger vessels. A circular paver driveway leads to a spacious two-car garage, creating great curb appeal from the start.
Inside, the home features a well-designed kitchen with an abundance of cabinetry and storage, a downdraft grill cooktop, and both a formal dining room and a casual breakfast nook. An intercom system runs throughout the home, adding convenience, while the two-zone air conditioning system helps maintain comfort year-round.
The outdoor living space includes a screened pool with a dedicated pool storage closet, perfect for keeping supplies organized. Accordion shutters are installed for added peace of mind.
With a bit of updating, this home offers the opportunity to restore its original charm and make it your own in one of Punta Gorda Isles' most desirable waterfront settings. Prop avail for Owner Occupants, Nonprofits, and Government Agencies only FIRST!
All information is deemed reliable but not guaranteed. This is a HUD-owned property and is being sold as is. FHA Case # 095-361788 IN (Insured) 203K FHA $100 Down Eligible. Sold AS IS. See docs for disclosure. Information is not guaranteed. Equal Housing Opportunity. The buyer pays all transfer fees, doc stamps, and title insurance. The buyer is responsible for utilities during inspections.
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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