304 MINDY DRIVE
About This Property
drawers, pull out shelves, 3 lazy-susan cabinets, Quartz Counter tops, and breakfast bar. Appliances are high quality stainless, French door refrigerator, double
convection oven, "smart" microwave and new dishwasher. All the walls & Ceilings in the Living room, Kitchen & Breakfast room and hallway have been textured and painted. The master bedroom
has a full wall of closets, fresh paint and private bathroom with walk-in shower, new vanity & Mirror. Guest bathroom is also updated with neutral colors. All windows and
sliding doors were replaced with double pane glass. All the interior doors and closet doors have been replaced. The HVAC system replaced 2020, Hot water heater replaced
2023, Roof replaced 2016, Hot tub new in 2021. This unit has a nice semi-private back yard. The ground covering is artificial grass which is easy to maintain and always
looks great. Rothmoor Estates is a small community with only about 84 units. We have a pool and large clubhouse. The back gate opens into the Highland Rec Center which
has many amenities. There is a water park, tennis, ball field, inside and outside playgrounds, indoor & outdoor fitness center and walking trails. Maintence fee includes:
Water, Sewer, Trash, Cable, Internet, lawn mowing, exterior maintenance and much more. The central location makes traveling easy. 30 minutes to Tampa International, 10
minutes to St.Pete/Clearwater regional airport. 5 miles to the Gulf of Mexico and our lovely white sand beaches.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017