827 Patrick Drive
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2021 | Sold | ||
| Sold | |||
| Feb 23, 2021 | Listed by KW Reserve Business Brokerage LLC | $490,000 | |
| Listed by KW Reserve Business Brokerage LLC | |||
| Mar 8, 2020 | No longer available | - | |
| No longer available | |||
| Nov 6, 2019 | Listed | $469,900 | |
| Listed | |||
| | |||
|
Welcome to this modern and completely updated 4 bedroom, 3 bathroom, WATERFRONT home in Lake Patrick. This home is situated on a lot that's .32 of an acre and features 2 master suites, tons of closet space, new hurricane impact windows throughout, a newer A/C system, updated tile floors, fruit trees, a 1 car garage, beautifully updated kitchen with white quartz countertops, an eat-in area, high-hat lighting, and newer appliances including a cook top and wall oven. Both master suites have large walk-in closets and bathrooms, with one having a window bench with lake views. Lake Patrick is a quiet community with minimal traffic that offers stunning lake and sunset views while being conveniently located minutes from I-95, beaches, shopping, and much more. The manager has listed the unit size as 1914 square feet.
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| Jul 8, 2019 | No longer available | - | |
| No longer available | |||
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About West Palm Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017