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3426 RIVERVIEW DRIVE
About This Property
The bright open interior features tile floors, a bay-windowed living room, inside laundry, and an updated kitchen with stainless steel appliances, two refrigerators, and abundant cabinet and counter space. The large extended primary suite includes a sitting area, walk-in closet, and ensuite bathroom. The backyard provides plenty of space for entertaining, gardening, lawn games, or simply enjoying the peaceful setting. Outbuildings include a tool shed, high-ceiling storage barn, and a fully powered workshop/studio with lighting, abundant electrical outlets, screened windows, and window AC. The home was extensively renovated in 2007–2008 with double-pane windows, vinyl siding, updated plumbing, water and sewer lines, electrical service, flooring, kitchen, and bathrooms. Across the street, the City of Tampa park offers a fishing dock, kayak/canoe launch, picnic areas, and playgrounds. Conveniently located near USF, Busch Gardens, restaurants, and shopping. City convenience with room to breathe.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017