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7547 COCO PLUM
About This Property
Inside, you will find new tile flooring throughout, fresh interior and exterior paint, and a fully updated primary bathroom. The kitchen features Samsung appliances, including the refrigerator, microwave, and stove, all less than one year old. Other major updates include a NEW ROOF in 2021, A/C in 2020, and water heater in 2022.
This home also includes a FULLY PAID-OFF SOLAR SYSTEM installed in 2022, helping keep the average electric bill around $170 per month, even with the heated pool. A whole-house RO water system adds even more convenience.
Step outside to your own private Florida retreat. The HEATED POOL was added in 2023 by local company Fountain Pools, along with a new screened pool enclosure completed in August 2023. The covered lanai also includes a convenient half bathroom, making this space perfect for relaxing by the pool or entertaining family and friends.
For added storm protection, the home has accordion hurricane shutters throughout, installed in 2024.
Burnt Store Meadows is a peaceful Punta Gorda community close to shopping, dining, boating, golf, downtown Punta Gorda, and everything Southwest Florida has to offer. With its spacious layout, many updates, low electric costs, storm protection, and beautiful pool area, this home is ready for its next owner.
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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.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017