7649 NOTTINGHILL SKY DRIVE
About This Property
The KITCHEN and BOTH BATHROOMS have been COMPLETELY REMODELED, featuring quartz countertops, new cabinetry with crown molding, updated hardware, and modern finishes. The kitchen includes stainless steel appliances, a gas range, French door refrigerator, a built-in pantry plus a closet pantry, a glass backsplash, and wainscoting on the back of the breakfast bar. A reverse osmosis drinking water system is also installed at the sink.
The spacious primary suite overlooks the backyard and includes a walk-in closet. The primary bathroom features a freestanding soaking tub, glass-enclosed shower, and LVP flooring, while the second bath offers a glass shower enclosure, black fixtures, and black-and-white tile flooring. One secondary bedroom also includes a walk-in closet.
Major updates include ROOF '19, HVAC replaced in '20, NEW POOL PUMP. The water heater, dryer, and range are gas, and ceiling fans are installed throughout for comfort and efficiency.
Step outside to enjoy the screen-enclosed sparkling pool and covered lanai with slate tile flooring, creating the perfect space for morning coffee, relaxing afternoons, or entertaining guests.
Located between US-41 and I-75 near the newly redesigned Exit 246, Covington offers excellent community amenities including a lap pool, two additional pools, splash pad, expanded fitness center, playground, and updated community room.
Doby Elementary is located inside the community, with Eisenhower Middle and East Bay High just across Big Bend Road, along with several nearby magnet school options.
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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%.
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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 Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017