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7169 Drum Drive
About This Property
The home features a comfortable open living space with plenty of natural light and a relaxing atmosphere that reflects the laid-back lifestyle of Pine Island. Enjoy outdoor living with space on the side of the home and a large patio in the back to relax and entertain while taking in the peaceful surroundings.
Pine Island Cove is known for its friendly community and outstanding amenities. Residents enjoy a heated saltwater pool and spa, boat ramp with Gulf access, fish cleaning station, and a washout facility for boats. There is also a scenic lakeside gathering area with covered pavilions, picnic tables, and grills-perfect for socializing with neighbors and friends. Also, a dog park for your pets.
Stay active with pickleball, bocce ball, and numerous clubs and community activities. Boat and RV storage is also available within the community.
Conveniently located near local restaurants, marinas, and world-class fishing, this home offers the best of the Southwest Florida island lifestyle. You own your land and the HOA fee is only $160.00 per month.
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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 St. James City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017