219 Driftwood LANE
About This Property
This stunning lot, already cleared, is ready for you to build your dream home that sits on a 90'x120' lot (1/4 Acres). 90 Ft of FULL Waterfront View. Driftwood Lane is an end cul-de-sac! The wide water view lot is easily accessible to the gorgeous intracoastal waterways which provides quick & easy access to the Gulf of Mexico. Only four miles by boat from property to Clearwater Pass & Gulf access.
A Full set of architectural building plans for a home 3468 sq ft for this lot are available for purchase at a separate price or bring your builder to get started on your dream home.
Soil test, elevation certificate, survey, dock and seawall reports all attached. The Ultimate Florida Lifestyle you deserve! Conveniently located minutes from world famous white sandy beaches, golf courses, restaurants, shopping & airports. Don't forget to check out the virtual tour.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017