5315 Tevis TERRACE
About This Property
Standard Features: This home has a spacious open floor plan, bonus room, quartz countertops, stainless steel appliances, 42" real wood soft close cabinets, luxury tile plank flooring, 9'4" ceilings with tray ceiling in primary suite, huge walk-in closets, covered lanai, irrigation systems, designer landscaping, water softener system, hurricane panels and a 10 year structural warranty by Maverick. Savings: You can save approximately $1,986 in utility costs per year or $19,830 over 10 years. Additionally, with the Solar Tax Incentive program, you can deduct 30% of the cost of your solar system from your federal income taxes. Based on the average size of our solar systems, that is approximately a $12,000 deduction. *The annual utility savings listed above is based on our third-party verified HERS rating and the average American household energy consumption. The amount you can save in utility costs with or without solar could be higher or lower depending on how much energy you use in your home. Additional move-in-ready homes are available throughout North Port.
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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