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3970 Chardonnay Drive
About This Property
Inside, the home is move-in ready with brand-new carpeting along with attractive luxury vinyl plank flooring. The upgraded kitchen is designed to impress, featuring Level 5 cabinetry with dovetail drawers and soft-close doors, granite countertops, stainless-steel appliances, and a beautiful coordinating backsplash. With abundant cabinetry and workspace, this kitchen is equally suited for everyday living and entertaining.
The spacious primary suite offers a tray ceiling and an exceptionally large walk-in closet, providing the comfort and storage today's buyers are looking for. Three additional bedrooms and a total of three full bathrooms provide plenty of room for family, guests, a home office, or multigenerational living.
Buyers with resale profits and family in mind will appreciate the A rated elementary, middle and high school zone.
The location makes this home even more desirable. Publix is conveniently located directly across the street from the community, while the Avenue Viera is only about 6 minutes away, offering outstanding dining, shopping, nightlife, and movies. The Brevard Zoo is approximately 10 minutes away, Florida's beautiful beaches are about 20 minutes away, and the magic of Disney is less than an hour away. The community of Sonoma offers pickle ball, tennis, kids' playground, basketball, beach sand volleyball, fishing pier, pavilion complete with restrooms and lots of green space for play.
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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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About Sonoma at Viera
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017