2478 BAY BERRY DRIVE
About This Property
All popcorn ceilings were removed in 2023 and replaced with a smooth finish, and the interior was recently repainted. Recessed lighting and updated fixtures enhance the natural light throughout the home. The kitchen includes a refrigerator replaced in 2023, a dishwasher from 2016, and a disposal updated in 2023. The primary bedroom features a walk-in closet with an organizer system. The washer and dryer are 2004 models and have been used seasonally.
Major systems include a house roof replaced in 2010, a detached one-car garage with a brand new roof, electrical updated in 2019, HVAC installed in 2009, and a 2020 tankless water heater.
This property features an oversized backyard and a wraparound courtyard, providing additional outdoor living flexibility. The home may be sold fully furnished, offering a turnkey option for buyers seeking convenience or part-time use. Residents also have access to a heated community pool and community center with a library, game room, and kitchen. The $248 monthly HOA fee includes maintenance of community pool grounds, irrigation system, select fence repairs, internet, cable, lawn mowing, and yard fertilization.
Conveniently located near Countryside Mall with access to shopping, dining, and daily essentials. Ownership requires a two-year holding period before leasing, with one annual lease permitted. Emotional support animals only. Active 55+ community. Buyers should review the HOA documents for full details.
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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 Clearwater
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017