31034 WHITLOCK DRIVE
About This Property
This gorgeous, freshly painted split-floor plan features three bedrooms and two full bathrooms. Enjoy the durability and ease of hard surface flooring throughout the entire home. The open and bright living room boasts HIGH CEILINGS, an arched passageway, and sliding glass doors that lead to an oversized, extended, tiled, and SCREENED-IN LANAI.
The eat-in kitchen is equipped with 42-inch high wood cabinetry, GRANITE COUNTERTOPS, and stainless-steel appliances, including a new gas range (2022), microwave, refrigerator, and dishwasher.
The Primary Suite is privately located at the rear of the home and includes a built-in window seating nook, two large walk-in closets, dual vanities, and a walk-in shower. Additional upgrades enhance peace of mind, with a NEW ROOF (2021), fresh exterior paint (2020), and a new water heater in 2020. This CORNER/END UNIT Home is also ideally positioned on a tranquil CONSERVATION LOT with NO REAR NEIGHBOURS for added serenity.
The amenity-rich, master-planned community offers resort-style amenities, including a clubhouse, pool, Fitness Center, Tennis, Basketball, Volleyball, Multipurpose Courts, Shuffleboard, and Walking Trails. All this is ideally situated close to I-75 and just a short drive to multiple dining venues, the Wiregrass Mall, Hospitals, Krates, Groves Shopping Center, Recreational Facilities, Pasco-Hernando State College, ICE Center Arena Complex, and the Tampa Premier Outlet Mall.
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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 Meadow Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017