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3681 STOKES DR DRIVE
About This Property
Have a boat, RV, or other toys? Bring them! With a large lot and no HOA restrictions, there is room and flexibility for your lifestyle. Home features an impressive solar system, an energy-efficient AO Smith hybrid water heater, additional attic insulation, and numerous upgrades reflecting years of prideful ownership. Major improvements include a newer roof (2018), whole-house repipe (2018), newer windows, and a hurricane-rated garage door. Living room features include built-in cabinetry creating a comfortable space for relaxing or entertaining. The remodeled kitchen offers soft-close drawers, LED under-cabinet and ceiling lighting, granite countertops, and a convenient granite breakfast bar. The bathrooms have also been updated making this move-in ready. Woodburning fireplace adds to the cozy on chilly nights.
The sparkling solar-heated pool and spa feature a sun shelf, and an energy-efficient pool pump. The spacious fenced yard provides plenty of room for entertaining, pets, gardening, or simply enjoying the Florida sunshine. Large shed provides additional storage for all your needs. The home includes a Vivint security system with window and door sensors at a low monthly cost.
Location is hard to beat-close to I-75, restaurants, shopping, transportation, Home Depot, and everyday conveniences, with the world-famous beaches of Siesta Beach just a short drive away.
Low utility costs. Major updates. No HOA. No CDD. Large fenced lot. Pool and spa. Room for your toys. This is Florida living designed for comfort, convenience, and affordability whether you are a snowbird or full-time resident!
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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%.
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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