5 Palmetto DRIVE
About This Property
The heart of this home lies in the living room, boasting custom shiplap walls and a cozy fireplace, perfect for evenings spent unwinding or entertaining guests. Adjacent, you will find the cozy kitchen featuring, stainless steel appliances, neutral cabinets, and a large granite breakfast bar. Making this the ideal spot for savoring your morning coffee while soaking in your serene backyard views. Palmetto offers two tranquil bedrooms, each accompanied by its own ensuite with walk-in shower.
When you are not entertaining guests around the fireplace, step outside to discover the true gem, the oversized screened-in lanai, offering a seamless transition to outdoor living and entertaining. Additionally, you will find a sectioned-off bonus room within the lanai that provides versatile space for hobbies, relaxation, and more. The large fenced in backyard offers the perfect space for family and friends to join in on all outdoor activities, cookouts, celebrations, and games.
Palmetto also boasts a new roof, updated electrical and two car ports: one catering to everyday vehicles and another thoughtfully sized to accommodate a large RV, making it an ideal haven for adventurers and outdoor enthusiasts. When you aren't enjoying your own backyard, or exploring the surround state parks such as Blue Spring State Park and Gemini Spring Park, discover popular restaurants such as Pepe's Cantina, La Strego Bistro, Lelo's BBQ and more. Welcome home to Palmetto!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2024 | Sold | ||
| Sold | |||
| Aug 7, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Relisted | $275,000 | |
| Relisted | |||
| Jul 26, 2024 | In contract | - | |
| In contract | |||
| May 9, 2024 | Listed by EXP REALTY LLC | $275,000 | |
| Listed by EXP REALTY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017