10570 127TH AVENUE
About This Property
Discover the potential in this charming 3-bedroom, 1-bath block home, ideally located just off Seminole Boulevard in a quaint, quiet neighborhood close to beaches, local shops, and restaurants. Whether you're a first-time homebuyer looking to build equity or an investor seeking a fantastic rental addition to your portfolio, this property delivers value, versatility, and opportunity. Step inside to find tile flooring throughout, a comfortable living area, a dinette space, and a flexible bonus Florida room perfect for a home office, playroom, or additional lounging area. The real showstopper is the expansive primary bedroom, created from a garage conversion. This space features soaring ceilings with beautiful exposed beam details, offering incredible design potential. Attached is a combined shower and laundry room, which could easily be reconfigured into a full, private en-suite bath-instantly elevating the home's functionality and value. Outside, enjoy Florida living year-round on the large screened rear porch, overlooking a fully fenced backyard with ample room to add a pool. A cozy front screened porch adds even more charm and outdoor living space. Major updates bring peace of mind, including a brand-new roof (2025) and a newer A/C system (2022). Located in a NO flood zone, this home offers affordability and security. With the right cosmetic updates-such as opening the kitchen layout and creating a center island-this property could truly shine. Priced appropriately for condition and location, this is an excellent opportunity to bring your vision to life and create the perfect home or a high-performing rental in a fantastic area.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Feb 24, 2026 | Price Decreased |
$294,900
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Dec 23, 2025 | Relisted | $299,900 | |
| Relisted | |||
| Dec 16, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017