808 Palm DRIVE
About This Property
Step inside, and a foyer / additional office space greets you, with tile floors, beautiful built-ins and a tongue-in-groove ceiling. This home is bright and airy with tall ceilings and hardwood and tile floors, with archways that lead you through the main living areas of the home.
The spacious family room is punctuated by a decorative fireplace with a custom mantle, and opens up to the large dining room and updated kitchen, with a gas range, granite counter tops, stainless steel appliances and a closet pantry.
The owner's suite fits a king sized bed, with two walk-in closets and an ensuite bath, with a clawfoot tub and a separate shower with perfect views of the manicured backyard.
The well sized guest bedroom is down the hall towards the front of the home, separated by an updated full bathroom and a closet utility room, with the third bedroom located towards the back of the home.
After a long day, you will love to spend your evening unwinding on the screened-in back porch, or grilling out on the brand new custom deck, dining alfresco under the twinkling market lights. There's plenty room for gardening and entertaining, and there's a large shed offering additional storage.
This home has a NEW roof (2022), a newer HVAC (2019), was replumbed in 2021, and has a tankless gas water heater and an updated electrical system. There's also unexpected ample storage space in the finished attic.
Located within walking distance to shops and restaurants, a short bike ride to Lake Eola Park, and a quick drive to all major roadways, you won't want to miss this special home!
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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 Colonialtown North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017