6005 Hollow Drive
About This Property
One of the standout perks of this property is the incredibly low HOA fee-just $400 per year-making it an attractive option for savvy homeowners looking to enjoy the Florida lifestyle without breaking the bank. Located just minutes from world-renowned beaches, trendy boutiques, and gourmet dining, this home offers the ideal mix of relaxation and excitement. Plus, for qualified buyers, an assumable mortgage at an unbeatable 4.5% interest rate is available, offering a rare opportunity to lock in low monthly payments.
Whether you're a first-time buyer, downsizing, or looking for a vacation retreat, this home checks all the boxes. Don't miss your chance to own in one of Florida's most desirable areas-schedule your private showing today!
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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