27403 BALBOA DRIVE
About This Property
Important systems have been addressed, including a 2020 air conditioning system, updated electrical components, and all new plumbing. Additional improvements include updated ductwork and insulation, hurricane impact windows, and newer kitchen components such as the stove and dishwasher.
According to the seller, there is no known history of flooding, termite activity, mold, or fire damage, and the major systems are operational. The kitchen is functional, and the overall structure is reported to be in stable condition.
The interior still needs cosmetic work, including bathroom updates, minor wall repairs, and interior and exterior paint, allowing the next owner to update finishes and personalize the space to their taste.
Located in a residential area of Punta Gorda, the property provides convenient access to shopping, dining, parks, and everyday amenities, along with easy access to major roadways throughout Southwest Florida.
A home with important upgrades already completed and the flexibility to finish the interior to match your vision.
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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