60 Pitt LANE
About This Property
Nestled in the heart of Palm Coast, Florida, this four-bedroom, two-bathroom home is a true gem. One of the standout features of this property is the new roof. This recent upgrade provides not only peace of mind but also significant savings in maintenance and potential repair costs. A new roof ensures that your home is well-protected from the elements, which is especially crucial in a coastal area like Palm Coast. Another essential upgrade is the new hot water heater. The large fenced backyard is a treasure trove of possibilities. Whether you have children and pets to entertain or you simply want a private outdoor sanctuary, this space has you covered. Imagine hosting barbecues, gardening, or just lounging in the sun while enjoying the cool Florida breeze in your own personal oasis with more than enough room for your own personal pool.The open-concept design of this home creates a seamless flow from the kitchen to the living and dining areas. This layout is perfect for entertaining, as it allows everyone to interact and enjoy the company of family and friends. Natural light floods the space, creating a warm and inviting atmosphere that you'll love coming home to.
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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