3295 Nan Pablo Drive
About This Property
Over 2506 sf 3 bedroom 2 & half bath two story home with downstairs master bedroom. Formal living room, formal dining room and family room. Kitchen has a breakfast nook and kitchen isle with view of pool, lake and fireplace. Upstairs has two bedrooms and a loft/bonus room leading to a 10 x 25 balcony overlooking the water and pool. This room could be modified for a fourth bedroom. The heated pool overlooks the water and has both Solar Heat and Aqua-Therm electric heat pump. Dual air conditioners, natural gas heat and gas hot water heater. Hurricane shutter included, new roof 2012. Great location near Eastern Florida State College, The King Center, shopping and dinning. Termite Bond is in place on the home as well with a million dollar repair bond.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017