1481 Gladys CIRCLE
About This Property
This 2 br 1.5 ba home has an open floorplan living, dining, study combination that easily accommodates a 10' dining table. The kitchen has a mobile island and peninsula with breakfast bar and is open to the living area. Recent and prior updates include wood look ceramic tile in the living areas, modern lighting, two tone wood cabinetry in the kitchen, updated appliances, full bath remodel and 2023 HWH. Built-in shelves in the study make a perfect home office or studio space. Sliding glass doors open to a screened lanai for year-round entertaining, with extensive paver patio beyond, landscaping and storage shed. The fenced yard keeps your loved ones safe and at home and there is plenty of room for a pool if desired. One car garage with workbench and beautiful paver driveway. 2009 HVAC 2005 Roof. Dining room light fixture and mosaics flanking front door do not convey. SOLD AS IS.
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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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About Dunedin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017