18802 Chopin DRIVE
About This Property
As you enter through the front door, you are greeted by a versatile office space featuring double doors. Across the way, a flexible dining area can easily serve as a playroom or a second office, catering to your lifestyle needs. The expansive living area boasts soaring ceilings and flows seamlessly into the stunning kitchen, where new quartz countertops, a large porcelain farmhouse sink, and state-of-the-art stainless steel appliances are complemented by a striking backsplash.
The primary bedroom is a spacious, light-filled sanctuary featuring an ensuite bathroom with a double-sink vanity, a separate tile shower, and an expansive walk-in closet. On the opposite wing of the house, two generously sized secondary bedrooms offer comfort and privacy, each thoughtfully designed and sharing a newly renovated full bath. The large laundry room, equipped with upper cabinets and a closet, adds to the home's functionality.
Step outside through the patio doors to discover your private oasis-an expansive screened-in lanai, perfect for entertaining or enjoying peaceful moments in the Florida sunshine. The fully fenced backyard provides ample space for outdoor activities and relaxation, creating a tranquil retreat.
Residents of Cheval enjoy the convenience of three 24-hour staffed entry gates, as well as access to the exclusive Cheval Golf Club, Athletic Center, and TPC Club. The community's prime location offers easy access to Tampa International Airport, major expressways, downtown Tampa, restaurants, beaches, hospitals, and top-rated schools, making it the ideal place to call home.
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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 Cheval West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017