31
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1897 Par Drive
About This Property
The first floor welcomes you with a living room, family room, spacious kitchen with breakfast nook, a bedroom or study, and a full bathroom-ideal for guests or multi-generational living. Upstairs, you'll find four additional bedrooms, providing plenty of space for family and visitors alike.
Notable upgrades include a remodeled kitchen, a new roof (2020), water heater, electrical panel, and A/C (2017), along with new laminate flooring and custom closets throughout. Enjoy relaxing or entertaining on the lanai while taking in peaceful golf course views and the beauty of nature.
Valencia Country Club offers a 24-hour guarded entrance, a public 18-hole championship golf course with pay-as-you-play access, driving range, pro shop, and patio bar. Low HOA fees include lawn care, irrigation, security monitoring, and access to an impressive clubhouse featuring a fitness center, theater, billiards room, card room, library, kitchen, large gathering space, and a resort-style pool with on-site management.
Conveniently located in North Naples, this home is close to shopping, dining, and elementary, middle, and high schools. Nearby attractions include Big Corkscrew Island Regional Park with an aquatic center, sports fields, tennis, pickleball courts, and more. With ongoing development in the area, this location continues to grow in value and convenience.
This exceptional home offers space, upgrades, and true SWFL lifestyle
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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%.
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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 Rural Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017