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7130 CASTANEA DRIVE
About This Property
The home features a NEW ROOF (2025) and a spacious kitchen with granite countertops, natural wood cabinetry, designer backsplash, and stainless steel appliances. A formal dining area sits just off the kitchen, perfect for everyday meals or hosting family and friends. Washer and dryer are also included.
Step outside to a large screened-in back porch, ideal for relaxing or entertaining, along with a separate outdoor patio that creates another great space for dining or gathering. The fenced backyard offers privacy and room to enjoy the outdoors.
LOCATED IN A NON-FLOOD ZONE WITH NO HOA FEES, this home is part of the established Regency Park community, which includes a neighborhood park and playground.
Just minutes away, explore the natural beauty of Werner-Boyce Salt Springs State Park and Jay B. Starkey Wilderness Park, offering hiking, kayaking, biking, and wildlife viewing. Also nearby is Downtown New Port Richey, featuring restaurants, pubs, and local shops, along with Sims Park along the riverfront with events and outdoor gathering spaces.
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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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About Regency Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017