64 Faircastle LANE
About This Property
Don't miss the opportunity to own this 4 bedroom+office/3 bath/pool home located on a beautiful street in the very desired Palm Harbor community of Palm Coast. Step inside the home and see the vast space with a split floor plan. The family room overlooks the 6 ft deep pool and large covered lanai with an additional concrete patio for barbecuing which is perfect while enjoying and entertaining family and friends. Other desired features include stainless steel appliances (dishwasher and refrigerator replaced in 2019), garden tub in master bath with double vanities and large walk in closet. Home also has a circular driveway and a fully fenced back yard (new fence 2019). Home was just painted inside with new HVAC system installed in 2020 and new pool enclosure screens replaced with screens that resists punctures and damage from pets with stainless steel screws. Room Feature: Linen Closet In Bath (Primary Bedroom).
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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 |
|---|---|---|---|
| Jan 8, 2024 | Sold | ||
| Sold | |||
| Dec 1, 2023 | In contract | - | |
| In contract | |||
| Nov 12, 2023 | Relisted | $480,000 | |
| Relisted | |||
| Nov 12, 2023 | Price Decreased |
$475,000
↓ $5K
(1%) | |
| Price Decreased | |||
| Oct 24, 2023 | In contract | - | |
| In contract | |||
Property Highlights
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About Palm Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017