2901 CIALELLA PASS
About This Property
Recent improvements include all new refreshed interior paint, refreshed appliances, a 2025 air conditioning system, and a 2020 roof, providing comfort and peace of mind. The home also offers a beautiful backyard with a screened lanai, creating the ideal space to relax or host guests.
Canoe Creek Estates is well known for its relaxed lifestyle and is highly sought after due to one of the lowest HOA fees in the area, which includes access to a community pool. There is also no CDD, adding to the long term affordability of the neighborhood.
Conveniently located near main roads, Walmart, and Florida's Turnpike, this home offers easy access to daily necessities and commuting routes. This is a fantastic opportunity to own a well located home in a popular community at an outstanding value. Multiple photos have been virtually staged.
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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 Canoe Creek Estates
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$2,800 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017