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161 SHELL FALLS DRIVE
About This Property
This well-maintained home offers NO-REAR NEIGHBORS, 2 bedrooms, 2 bathrooms, a den and a desirable split-bedroom floor plan that provides added privacy for guests. The spacious primary suite features a large walk-in closet, while the open layout seamlessly connects the living room, dining area and kitchen.
The interior features a bright, inviting COASTAL STYLE with neutral decor, beautiful plantation shutters and 9-foot ceilings. The living room offers beautiful hardwood flooring, a ceiling fan and double sliding glass doors that open to the covered patio with the extended and screened lanai. With NO REAR NEIGHBORS, swaying palm trees and relaxing breezes, this peaceful outdoor space is perfect for enjoying your morning coffee or unwinding at the end of the day.
The bright kitchen includes white all wood cabinets topped with crown molding, solid-surface countertops for plenty of workspace, tile flooring, all stainless appliances, and a breakfast bar. The spacious dining area also features tile flooring. The inside utility room features additional shelving.
The 2-car garage includes keypad entry, hurricane-rated doors, a utility sink and water heater. A screened front entry adds another comfortable outdoor space and allows fresh air to flow through the home.
Residents of Southshore Falls enjoy an active and social lifestyle centered around The Wellspring Club. Amenities and activities include resort-style pools, a fitness center, bocce ball, bicycle clubs, book and bridge clubs, mahjong, meditation, Aqua Pilates, sunset water walking, pool parties, live music, organized events and much more.
This home offers the perfect opportunity to enjoy relaxed Florida living in a welcoming and vibrant community
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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