7704 Hernando Court
About This Property
The kitchen has been opened up and updated with quartz countertops and stainless appliances. Matching quartz tops continue through the bathrooms and laundry room. Additional highlights include a den with custom built ins, a living room wall unit, tile and wood flooring, plantation shutters, crown molding, upgraded appliances, and an under sink filtration system. The outdoor space features a paver saltwater pool and spa with solar heat, new equipment, fresh paint, and tropical landscaping.
Located in the gated community of Verona Walk, residents enjoy tennis, pickleball, bocce, a lap pool, fitness center, and a town center with dining and gas. With strong construction and extensive upgrades, this home stands out as a top value.
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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 Royal Fakapalm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017