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3021 Osprey Circle
About This Property
Built in 2015, the home features a number of updates and improvements designed for both comfort and convenience. The HVAC system was replaced in 2020, the roof was replaced following Hurricane Michael, and the living room and primary bedroom have been freshly painted. A tankless water heater provides efficient on-demand hot water, while a gas fireplace adds warmth and character to the living space.
The heart of the outdoor experience is the saltwater swimming pool, installed in 2019 by Panama Pool and Spa. The pool features an in-floor cleaning system, wireless pool equipment, and an outdoor shower--creating a private backyard retreat ideal for relaxing or entertaining. A permanent wireless exterior lighting system by Invisilights adds another level of ambiance and usability after dark.
Additional exterior improvements include a French drain system and sump pump designed to assist with drainage, as well as an irrigation/sprinkler system. The garage is equipped with a 30-amp electrical hookup suitable for a camper. A security system conveys with the home, and the washer and dryer are included as well.
The property also features a distinctive custom front door crafted with local woodwork by a local artist, adding a one-of-a-kind touch to the home's entrance.
Served by Lynn Haven utilities and located in a highly desirable area, 3021 Osprey Circle offers an exceptional opportunity to own a well-appointed home in a sought-after neighborhood where properties seldom come available.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017