617 Royal Crest DRIVE
About This Property
The home offers tiled roofing with an updated HVAC system both completed in 2020. The naturally well-lit kitchen has been updated with a gorgeous oversized island with marble countertop, paired with wooden and glass cabinets for plenty of storage, a sleek gold faucet over a farmhouse sink, wine refrigerator, stainless appliances, all highlighted by artistic lighting fixtures brings the aesthetic appeal to the kitchen.
The large living room with its quaint fireplace, allows the chef to interact with family and friends while cooking and entertaining, to enjoy a beautiful view of the pool and large backyard through the expansive sliding glass doors.
Let's step through the sliding glass door for a minute onto the covered back porch with wood underlay and ceiling fans, to give your guests some refreshments as they swim in the crisp pebble-tiled pool surrounded by cool stone flooring. The pool has a shallow area for younger family and a larger area with more depth for advanced swimmers. While some of your guests are swimming, others may run to the scent of freshly grilled burgers, hotdogs and charred vegetables for a quick bite at the covered outdoor kitchen, while other guests who prefer a slower pace may be found escaping to read their favourite book or take a relaxing nap in the large hammock under a tall matured tree in the backyard, basking in the Floridian sun. For that guest who wants to be a part of the fun but also catch up on some work, a gazebo fitted with A/C and wooden floors for a potential serene office space overlooking the pool is the place to be.
Get away into the spacious primary bedroom with its cool wood flooring and large walk-in closet for your dream wardrobe. The large en suite bathroom has dual sinks and enough counter space and storage to keep everyone happy. The enormous window provides privacy and the warmth of sunlight as you soap in your spa-style free-standing tub or take advantage of your standing shower. Take a quiet trip outside through your private sliding door leading to your own area of the yard or access the backyard to join the family.
Secondary bedrooms 2 (en suite) & 3 (non en suite) have luxury marble tiled bathrooms with granite countertops, a single sink, plenty of cabinet storage, open linen storage, a standing shower and separate access to the backyard.
The attached 2-car garage has direct access to the kitchen. The driveway has a capacity for 4 cars. The Washer & dryer are located in the garage with plenty of storage. The home also comes with an automated side gate that leads to the backyard.
With no HOA and its great location, you can park your boat or RV with no restrictions. Located in Brandon, a short 15-minute drive to the Brandon mall, 30 minutes from Busch Gardens Theme Park and Adventure Island, 20 minutes from Hard Rock Cafe, proximity to restaurants, furniture stores, hospital, doctor offices, various parks and much more.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 22, 2024 | Sold | ||
| Sold | |||
| Dec 30, 2023 | In contract | - | |
| In contract | |||
| Dec 22, 2023 | Relisted | $595,000 | |
| Relisted | |||
| Dec 18, 2023 | In contract | - | |
| In contract | |||
| Dec 6, 2023 | Relisted | $595,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017