1746 Cardinal DRIVE
About This Property
Welcome to this completely remodeled 3 bedroom /1 bath home in Clearwater close to almost everything! Every inch of this property has been remodeled and is move-in ready. Featuring a brand new roof with upgraded architectural shingles, a new AC system, and a new water heater all installed in summer 2021. The property has upgraded high-quality LVP flooring, new impact rated windows, updated closets, new interior, and exterior doors. With updated light fixtures throughout and ceiling fans with remote control access. The kitchen boasts stainless steel appliances, new solid wood cabinetry with soft-close features, granite countertops, and a modern backsplash, with space for a fully functional indoor laundry closet (plumbed and new outlets). Need a second bathroom? No problem! A licensed General Contractor can build an addition on the master bedroom containing an en-suite bathroom and walk-in closet for an additional $20k-$25k depending on the quality of finishes. Now on to the best part, the backyard! An incredible oversized shaded backyard that can host all of your entertainment needs including storage for a boat, RV, or trailer with room to spare. Or if you're thinking about adding a pool it would be a great addition to this backyard. With a double-sided gate allowing convenient access to and from. The front yard also has a new crushed shell driveway. In this market, this little slice of paradise will go quickly, so make your appointment today!
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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 Clearwater
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017