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5300 FALCON DRIVE
About This Property
The inviting living space is enhanced by an electric fireplace with remote, creating a cozy focal point. Step outside to a private patio overlooking a fully fenced backyard perfect for entertaining, pets, or relaxation. Additional highlights include a newer garage with an oversized driveway, drop- down attic access with added flooring for storage, an outdoor shed, and exterior repaint completed in 2021.
Ideally situated near local conveniences and attractions, this home offers easy access to shopping, dining, and major roadways including U.S. Route 19 for a smooth commute. Enjoy the Florida lifestyle just minutes from Anclote River Park, known for its scenic waterfront views, beach access, and boat launch. Explore nearby Key Vista Nature Park for walking trails and nature observation, or take a short drive to the historic Tarpon Springs Sponge Docks, famous for its waterfront dining, shops, and rich cultural heritage. Perfect for first-time buyers, downsizers, or investors, this home offers modern upgrades, solid infrastructure, and a prime location. This home is ready for its next owner to enjoy.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017