4117 MALDEN DRIVE
About This Property
Just minutes from I-75, Siesta Key Beach, shopping, dining, and more, this move-in-ready home is packed with recent updates and modern touches. Key features include:
New Roof (2020) with a transferrable warranty, New HVAC (2022) with a 10-year labor warranty, New Water Heater (2022),New Fence (2022),
Remodeled Kitchen (2024) featuring Quartz countertops and wood cabinets, Updated Master Bath (2024),
Seller has installed and completed paid for a 3 kW Solar System (2020) with a 25 year warranty-providing savings on electric bills,
Energy-efficient tinted windows throughout, 10x14 Storage Building for extra storage, No HOA or restrictions, offering flexibility and freedom.
This home is ready for you to move in and make it your own!
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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