3103 ROYAL PALM DRIVE
About This Property
Located just a stone's throw from the stunning New Smyrna Beaches and a variety of popular restaurants and shopping, you'll love the convenience of having a fun and relaxing place to live.
Step inside and feel the warmth of the family room with wood burning fireplace and built in glass book case. Enjoy the privacy of a separate living room with high ceilings and another wood-burning fireplace-perfect for cozy evenings in. The unique kitchen is a real showstopper, featuring a charming brick arch over the cooktop, walk in pantry, a breakfast bar, and newer built-in stainless steel oven and microwave for all your culinary adventures.
Step outside to your expansive screened-in pool area, which is ideal for outdoor living and entertaining-imagine summer barbecues and lazy pool days with friends and family! Your new home is High and Dry and nestled on a big lot for added privacy. You will also be glad to know there's an adjacent vacant lot for sale if you're looking for even more space.
The large indoor laundry room makes life a breeze, plus this home comes with a generous 2-car garage that offers plenty of storage for all your gear.
This is more than just a house; it's a place where memories are made. Don't miss out on this fantastic opportunity to embrace the Florida lifestyle and start Living the Dream 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%.
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