52
Map
1038 20TH STREET
About This Property
Inside this 3/2 home, you'll appreciate the updates completed in 2022, including new kitchen cabinets, countertops, and refreshed bathroom countertops and finishes, creating a bright and inviting space that's move-in ready. Relax on the large covered deck overlooking the canal, the perfect spot for morning coffee or evening sunsets. The property also features a storage shed and additional storage behind the house, providing plenty of space for fishing gear, tools, and outdoor equipment. No HOA or flood insurance required, you'll enjoy the added flexibility and peace of mind. Whether you're searching for a full-time residence, seasonal getaway, or the perfect fishing retreat, this home checks all the boxes. Conveniently located just minutes from shopping, dining, and everyday amenities, this home also offers easy access to the excitement of Brighton Bay Casino & Hotel. Enjoy the peaceful blend of waterfront living with nearby entertainment, and recreation. Bring your boat, cast a line, and start enjoying the Lake Okeechobee lifestyle.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017