3364 OLEANDER DRIVE
About This Property
inviting. Step outside and the backyard feels like a resort. The pool and spa are surrounded by pavers, tropical landscaping, and palm trees. You will also find an avocado tree, a fig tree, several banana trees, and a bougainvillea draped over a charming swing tucked into the corner. Entertain effortlessly by the pool and spa or under the PVC gazebo (with electric). For boating enthusiasts, there is a private dock with railing, a floating dock extension, and a drive-up boat ramp, plus even a paddle boat to enjoy the water. There is also a built-in catio so your feline friends can join in on the fun. Additional upgrades include a newer AC (2024), two water heaters (2025), a tiled roof, and a brand-new pool pump. Washer and dryer are included. The backyard is fully fenced with 6-foot PVC fencing, offering both privacy and plenty of space for pets or a garden. A carport is included, and the garage has a full bathroom with a window AC unit. HUGE BONUS: this home comes with a transferable flood insurance policy ($2,511/year and can only go up 4% each year!) which is an extremely rare find in Hernando Beach. Also, NO HOA fees here! All room measurements are approximate and should be verified by Buyer.
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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