3211 Azalea DRIVE
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2024 | Sold | ||
| Sold | |||
| Feb 19, 2024 | In contract | - | |
| In contract | |||
| Jan 21, 2024 | Price Decreased |
$371,900
↓ $3K
(0.8%) | |
| Price Decreased | |||
| Dec 11, 2023 | Listed by ASSIST 2 SELL THE ESHACK TEAM | $374,900 | |
| Listed by ASSIST 2 SELL THE ESHACK TEAM | |||
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Discover the allure of this impeccably RENOVATED WATERFRONT residence nestled in the heart of Hernando Beach! This home offers an array of amenities, making it an ideal choice for a vacation retreat, investment property, or your new Florida residence. Revel in breathtaking sunsets from the expansive west-facing backyard—a perfect backdrop for relaxation. Currently utilized as a short-term rental, this home has generated over $36,000 annually year-over year through Airbnb, with significant untapped potential on platforms like VRBO. Upon entering, you'll be captivated by the well-designed layout of this 2-bedroom, 2-bathroom, 1-car garage abode. The extensive remodel boasts a new roof, freshly painted inside and out, new reinforced garage door, all new fixtures, waterproof luxury vinyl floors, and a fully equipped kitchen featuring stainless steel appliances, sleek slow-close shaker cabinets, quartz countertops, a stunning backsplash, undermount sink with a swan neck faucet, and chic wood floating shelves. Illuminate your space with the ambiance of recessed LED lights and bask in the natural light streaming through windows equipped with storm shutters. Sliders from the back living/dining area leads to the covered Florida Room with lots of windows and features 220sq ft that is not part of the GLA. The allure extends outdoors to a sizable concrete patio running the length of the home, where you can unwind while soaking in panoramic water views and the enchanting hues of the setting sun. Launch your kayaks from the floating dock for a leisurely paddle through the freshwater canals leading to the private community boat lift, providing access to saltwater canal systems and the Gulf of Mexico. Explore nearby amenities such as restaurants, shopping, parks, fishing, and marinas. Conveniently located, this waterfront haven is only an hour from Tampa International Airport and 90 minutes from Orlando. Indulge in the epitome of waterfront living—seize the opportunity to make this your permanent retreat today! Witness the countless remarkable features first hand by scheduling a visit.
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| Jul 29, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017