38 Frederick LANE
About This Property
The open-concept kitchen showcases a modern island with a tile kickplate, luxurious quartz countertops, stainless steel appliances, solid wood cabinetry, an eat-in nook, and a stunning backsplash. The spacious master suite features an eye-catching shiplap accent wall, while the en-suite bathroom includes double vanities and a walk-in shower for a spa-like retreat.
Upgraded lighting fixtures add a contemporary touch throughout the home. The 22x13, 6000-gallon pool, complete with UV lighting, is surrounded by beautiful pavers, creating a serene outdoor space. The covered patio area is perfect for al fresco dining and offers views of the pool and meticulously landscaped garden. The fully fenced backyard includes a shed, providing extra storage.
This home is ideally located just minutes from the Island Walk shopping center and the breathtaking Hammock beaches, offering the perfect blend of convenience and coastal living.
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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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About Palm Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017