9132 118th WAY
About This Property
This immaculate pool home is ready for its new owners! This truly is a turn-key home, roof was done in 2016, HVAC in 2018, water heater in 2022, all new windows & sliders in 2020. Both bathrooms and the kitchen have been tastefully updated. The poo/spa and bird cage have all been re-done. There is even a separate driveway & new double door fence for boat or RV storage! I am not sure there is anything else a buyer could possibly have on their wish list that this home does not have. A home that is completely re-done in the heart of Seminole, minutes from the Pinellas Trail and a short drive to the beautiful Gulf beaches, needless to say, but this one will not last long!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017