9719 DISCOVERY TERRACE
About This Property
The new kitchen is a standout, with a fresh, modern design that opens directly to the great room and looks out toward the pool and golf course beyond.
The split-bedroom layout offers privacy, while the large office is light, bright and flexible enough to work beautifully as a home office, den or additional living space. The primary suite features a private bath and generous closet space, with two additional bedrooms providing plenty of room for family and guests.
Outside, the pool area is made for enjoying the Florida lifestyle with a new pool heater and new color-changing pool lighting that lets you set the mood for an evening by the pool. The fenced backyard is perfect for four-legged family members, while the spacious side-load garage and pavered driveway add even more convenience.
And then there's Waterlefe. Golf in the morning, take the boat out in the afternoon and enjoy dinner at the club. This gated, golf cart-friendly community offers a fitness center, Jr. Olympic pool, restaurant and tiki bar, along with a full calendar of social activities and clubs. Optional golf membership and marina access are also available.
Located just minutes from Lakewood Ranch, with shopping and dining along SR 64 and easy access to I-75 and UTC, this is a home that gives you the Waterlefe lifestyle from day one.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017