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154 HOURGLASS DRIVE
About This Property
Nestled in the desirable Hourglass Lake Estates community, this 3-bedroom, 2-bath home features a thoughtfully designed split floor plan that provides privacy for both owners and guests. The guest bathroom also serves as a convenient pool bath, making outdoor entertaining and pool days effortless.
Peace-of-mind updates include a new water heater, 2022 roof and impact windows, while the private pool and expansive backyard create plenty of room to relax, entertain, or simply enjoy the Florida lifestyle. With a very low annual HOA fee and a location close to everything that makes the Venice area so desirable, this home is an exceptional opportunity as a full-time residence, seasonal retreat, or 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017