3471 Manatee Drive
About This Property
At the heart of the home is a beautifully updated kitchen featuring granite countertops, solid wood cabinetry, a stylish tile backsplash, and stainless steel appliances. The open floor plan connects the kitchen to the spacious living and dining areas, creating a warm and inviting space for everyday living and entertaining. Large sliding glass doors expand the living area outdoors, opening to a generous screened lanai - perfect for relaxing, dining al fresco, or hosting guests. The seamless flow between indoor and outdoor spaces captures the essence of Florida living, with plenty of room to add a pool if desired. The primary suite is a private retreat with a walk-in closet, dual sink vanity, and a beautifully tiled walk-in shower. Guest bedrooms are comfortable and bright, perfect for visitors or a home office. Boaters will love the composite dock, 10,000 lb boat lift, and covered boathouse, offering quick access to open Gulf waters, Famous Fishing grounds of Pine Island Sound and Beaches. Major upgrades include impact-resistant windows and doors (2022) and new septic system (2022). Additional features include wood plank tile floors throughout, a garage workbench, low-maintenance landscaping, and true pride of ownership throughout. This is your opportunity to own a piece of paradise!
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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