707 W Retta Esplanade
About This Property
Custom-designed, open-plan 3/2 split for privacy, maximized by insulated interior walls. Character enhanced by Brazilian cherry wood floors in the living and dining areas and window bays in the living room, dining area, master bedroom, and front guest room. French doors in the master bedroom. Stunning seasonal sunsets over Charlotte Harbor visible from almost every room in the house and from the front porch. Rear deck off the kitchen for grilling and enjoying the sun.
Built elevated to current code in 1993 and updated since with a standing seam metal roof and full-house impact windows and doors. Additional cross-bracing added during original construction has helped see this home safely through two major hurricanes.
Xeroscaped and native plant butterfly garden throughout the 92.5' x 105' corner lot, bordered by brick-paved and Royal Palm-lined streets.
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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%.
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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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About Punta Gorda
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017