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49 FRONTIER DRIVE
About This Property
As you arrive, you'll immediately notice the well-maintained exterior, mature landscaping, and welcoming front entry. Step inside to the foyer, where the dining area sits just off the entry before opening into the spacious main living area. Solid wood bamboo flooring runs throughout the living and dining spaces, creating an easy flow through the center of the home. The updated kitchen is located just off the living area and features solid surface countertops, ample cabinetry and counter space, a tile backsplash, black appliances, and tile flooring. A peninsula overlooking the main living area and an additional run of cabinetry and counter space provide even more room for everyday use and storage. The primary suite is privately situated at the rear of the home and features bamboo flooring, a walk-in closet, and direct access to the screened porch. The updated ensuite bathroom includes a modern vanity and a tiled walk-in shower with a glass enclosure. Two additional bedrooms and an updated full guest bathroom are located near the front of the home. Sliding glass doors from the living room also lead to the screened porch, offering additional space for dining, relaxing, or entertaining while overlooking the backyard. Just beyond the screened porch, the extended patio features an outdoor hot tub and opens to a spacious backyard with mature greenery and a storage shed. Additional features include updated windows and doors, updated fixtures throughout, two indoor security cameras, two outdoor security cameras, a Ring doorbell, alarms on the doors and windows, and a washer and dryer located in the attached 2-car garage. Conveniently located near shopping, restaurants, parks, and just a short drive to Palm Coast's beautiful beaches, 49 Frontier Drive offers comfortable living with thoughtful updates both inside and out.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017