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3051 WATERFALL DRIVE
About This Property
Inside, 2,516 heated square feet of thoughtfully designed split floor plan living awaits with rich laminate flooring flowing through every single room, soaring ceilings, and natural light absolutely pouring in from every angle. The layout is as functional as it is beautiful: formal living room, formal dining room, a spacious family room, casual dining nook, AND a private French-door office/den whether you work from home or just need a space that isn't the kitchen table, this home has you covered.
The kitchen is built to impress granite countertops, stainless steel appliances including a large side-by-side refrigerator, center island with pendant lighting, pantry, and a layout that opens right into the family room so the cook never misses the conversation.
The primary suite is genuinely luxurious. We're talking a massive bedroom with a slider directly to the pool, dual vanities with stone counters, a chandelier-lit garden soaking tub, glass-enclosed walk-in shower with designer tile, arched windows, and walk-in closets. The three additional bedrooms are generously sized and served by two full bathrooms, true split floor plan privacy for guests and family alike.
Step outside and the covered screened lanai doesn't disappoint - oversized, ceiling fan equipped, and purpose-built for entertaining. The in-ground gunite pool anchors the backyard, which sits fully fenced with mature trees and more than enough room to breathe. And yes, there are two detached storage sheds out back for all the gear, tools, and Florida stuff that never quite fits in even a 3-car garage.
Major items are already done: Roof 2019, Water Heater 2022, block/stucco construction, indoor laundry room, and Flood Zone X, meaning no flood insurance required. Fiber optic internet available. Minutes from the Suncoast Parkway for an easy Tampa commute. Zoned for Deltona Elementary, Fox Chapel Middle, and Frank W. Springstead High School.
Homes with this combination of lot size, layout, updates, and amenities at this price point don't last. Schedule your showing today.
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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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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017