3241 CULLENDALE DRIVE
About This Property
This spacious home offers a fantastic floor plan featuring an oversized living room with a cozy wood-burning fireplace, perfect for cool evenings. The brand-new Miami-Dade rated hurricane windows (installed January 2023) and a new hurricane-proof stacking sliding glass door from the master bedroom to the screened porch provide peace of mind and effortless indoor-outdoor living.
The updated kitchen boasts new stainless-steel appliances, granite countertops, and an undermount sink, making meal prep a breeze, while the bright breakfast nook overlooks the large fenced backyard. The screened porch (with a new screen and door) is the ideal retreat to unwind after a long day.
The primary suite features an ensuite bath and a large walk-in closet, while the two secondary bedrooms are bright and inviting with a shared hall bath. Additional updates include a Newer Roof, HVAC, luxury vinyl flooring, and lighting (2021), plus freshly painted interiors, including ceilings (2022).
Sitting on a spacious corner lot (0.25 acres), there's plenty of room to add a pool. Conveniently located near Gather High School, restaurants, shopping, and the Veterans Expressway, making commutes to the Tampa Bay area a breeze. Don't miss this opportunity-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%.
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 Lake Heather
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017