107 CHIPCO Way
About This Property
The expansive deck area is an outdoor lover's dream. Enjoy alfresco dining, sunbathing, and stargazing while surrounded by the natural beauty of Florida. The addition of new windows is a noteworthy upgrade. This can enhance energy efficiency, provide better insulation, and improve the overall aesthetics of the property. The presence of both upstairs and downstairs master bedrooms adds convenience and versatility to the property. The house is well-built and insulated but will need some updating. The outside wood portion of the deck and stairs needs some attention.
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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 |
|---|---|---|---|
| Feb 12, 2024 | Sold | ||
| Sold | |||
| Oct 4, 2023 | Listed by NICOSIA REALTY INC. | $399,000 | |
| Listed by NICOSIA REALTY INC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017