5070 CEDARBROOK LANE
About This Property
Bring all your watercraft to your newly decked 45" dock. Composite exterior decking on stairs and deck leading to entryway, 2024 metal roof, and Hardy plank siding make for low maintenance living. Fenced back yard is a plus!
20x30 garage space with 6 car concrete driveway/parking for trailers, vehicles and boats. Lower level also has a patio with pavers and a wrap around extended patio.Community is not deed restricted and home could be used as short term rental property.
This home is located in the north "direct access" part of Hernando Beach which borders the endless salt plain. An added plus, homeowner's FEMA flood policy is fully assumable.
Come explore the beautiful nature coast where things are a little more laid back.Hop on your golf cart and meet new friends and neighbors living the waterfront life. The Weeki Wachee river is minutes from our door. Enjoy world class fishing and numerous coastal restaurants located conveniently nearby. Easy commute to Tampa area via the Suncoast Parkway.
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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