1816 Driftwood CIRCLE N
About This Property
NEW ROOF (October 2022) new front lawn sod, newer pool pump (2019) new dishwasher and refrigerator (2021)New exterior paint (2022) and the list goes on and on. The home also boasts hurricane windows. tile floors throughout, wood burning fireplace in formal living room, the formal dining room leads to a cozy family room overlooking the lanai and beautiful in ground swimming pool and cabana. The home is located at a perfect location, close to parks, nature and bicycling trails, Tampa airport and the world's most beautiful beaches. THIS HOME SHOWS LIKE A MODE AND WILL GO FAST.
Neighborhood is also currently undergoing the construction of new roads, sidewalks and sewer pipes.
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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