1492 Coastal DRIVE
About This Property
The master bedroom features a cozy private balcony and a chic barn door entrance to bathroom. The second bedroom is cozy and inviting, while the second bathroom provides a touch of spa-like relaxation with a jet tub and shower combo. UPDATES GALORE!
Outdoor amenities abound! Enjoy a private screened enclosure under the home, perfect for gatherings or quiet evenings. The property also includes a spacious storage shed, ideal for tools or hobbies, and a designated RV/boat parking area.
Situated near the Peace River and Charlotte Harbor, with easy access to Sarasota, Fort Myers, and Cape Coral, this property is ideal as a starter home, rental, or a serene Florida getaway. Don't miss this move-in-ready gem-schedule your showing today and make it yours!
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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