16107 Coco Hammock Way
About This Property
The home features a newly upgraded kitchen with self-closing cabinetry, granite countertops, and modern finishes, along with Cortec luxury vinyl flooring throughout. Both bathrooms have been tastefully upgraded with new fixtures, and plantation shutters add style and functionality throughout the home.
For added peace of mind, the property is equipped with hurricane shutters. A new tile roof was installed in December 2022, and the home also offers transferable flood insurance of approximately $1,700.
Step outside and enjoy your own private retreat! A new pool and screened-in pool cage were added in October 2023, creating the perfect space for relaxing, entertaining, and enjoying the beautiful Florida lifestyle. The property also features beautiful landscaping and a private backyard.
Coco Bay offers an excellent community lifestyle with amenities including a beautiful clubhouse, community pool and spa, fitness center, library, and professionally maintained landscaping and irrigation, all included as part of the HOA.
Conveniently located near Sanibel Island, Fort Myers Beach, shopping, dining, entertainment, and everything Fort Myers has to offer, this home combines comfort, upgrades, and an unbeatable Southwest Florida lifestyle.
Don't miss this incredible opportunity-this home is truly an amazing value!
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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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About Iona
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017