4460 Flounder Drive
About This Property
Upstairs, the open-concept great room boasts vaulted ceilings, luxury vinyl plank flooring, and two sets of newer sliding glass doors opening to a screened balcony that spans the full width of the home-ideal for enjoying sunrises and sea breezes. The kitchen features newer stainless appliances, Corian countertops, designer lighting, a pantry, and a newer disposal. Both bathrooms include natural light from skylights, and the main bedroom suite offers a walk-in closet and updated bathroom with tub and new counters. Additional updates include a 2022 roof, 2020 HVAC, newer west-facing windows, newer water heater and an elevator for easy access. The ground level includes a screened porch, fenced pool area with resurfaced pool, and bench seating, 2-car tandem garage, and 1-car carport. Beautifully landscaped with lush grass and palm trees, this property is ideal for boating, fishing, snorkeling, or simply relaxing outdoors. Furnishings available separately. Minutes to the main channel and Gulf waters. Close to public boat ramp, marina, and popular local restaurants. Whether you're seeking a primary residence, vacation home, or investment, this waterfront gem offers it all - location, lifestyle, and value.
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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 Hernando Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017