5071 Spinet Drive
About This Property
This light-filled, floor plan features a beautifully updated kitchen with soft-close cabinetry, granite countertops, kitchen Island, and a blend of porcelain tile and luxury vinyl plank flooring throughout the main living areas. Ample storage space.
Step outside to your private screened saltwater pool overlooking the lake--perfect for relaxing or entertaining.
Recent upgrades include energy-efficient windows, an insulated slider, granite vanities with dual sinks in both the primary and guest baths, a 2019 AC, and a 2018 roof.
Enjoy low HOA fees and no CDD, with community amenities including a park, playground, basketball court, tennis/pickleball courts, and ball field.
Conveniently located near beaches, Patrick Space Force Base, top-rated schools, shopping, dining, Melbourne Airport, and I-95.
Seller is a licensed Florida real estate agent.
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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 Grand Haven
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017