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2871 HAMMOCK DRIVE
About This Property
The kitchen overlooks the family room and features generous cabinet and counter space, a breakfast bar, pantry, and adjoining breakfast nook. A separate formal living room and dining room provide even more space to gather, while the family room offers a cozy fireplace and large windows showcasing the backyard and lake.
The primary suite features vaulted ceilings, direct access to the pool area, multiple closets, and a spacious bathroom with a soaking tub, walk-in shower, and dual vanity areas. Three additional bedrooms and bathrooms provide flexibility for guests, a home office, or multigenerational living.
Outside, your private Florida retreat awaits with a screened pool and spa, expansive covered lanai, and built-in outdoor serving area perfect for entertaining. Beyond the pool, the large backyard stretches toward the water beneath a stunning oak tree, creating a peaceful setting to relax and enjoy the lakefront lifestyle.
Walden Lake residents enjoy an established community filled with lakes, mature landscaping, nature trails, athletic fields, parks, and a dedicated dog park. Conveniently located near shopping, dining, downtown Plant City, and I-4, this home offers plenty of space, incredible outdoor living, and the neighborhood lifestyle buyers have been waiting for.
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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 Improvement League of Plant City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017