10855 FORT CAROLINE Road
About This Property
- 3 Possible rental income sources: Primary home, guest house, Flex room
- Pool with vinyl security fence, automatic cleaner.
- Guest house is complete with 2 bedrooms (one bedroom is non conforming), living room, kitchen, bathroom, laundry, carport, fenced backyard, concrete block. Could provide rental income or lodging for family members.
- Updated kitchen, bathrooms and windows. Freshly painted interior.
- Wood paneling and crown molding in most rooms.
- 3 Fireplaces in Master, Living room and Flex room. 1 outdoor fireplace on patio.
- Flex room has full bathroom, kitchenette and two entrance doors from outside. The area can be closed off from the rest of home and could be used as next gen suite, man cave, media room or rental unit. Beautiful room with vaulted cypress tongue and groove ceiling, tile floor and brick fireplace and walls. French doors lead to patio with outdoor fireplace. (23'x25')
- Glass enclosed Florida room has a wall unit air conditioner. 187 sf not included in house square footage. (15'4"x12'2")
- Kitchen is bright and cheerful with plenty of windows and counters, pot rack, cherry cabinets, pull-out shelves, 2 appliance garages with electrical outlets. Cooking island has 5 burner gas stove, cabinets and electrical outlet.
- Master bedroom has wood floors, lots of windows and natural stone fireplace
- Master bath has tiled floor. Walls are tiled floor to ceiling. Modern fixtures, handicap accessible with handicap rails. Plenty of room for vanity or sideboard.
- Water heaters 7 years old in main home, 3 years old in guest house.
- Low maintenance exterior of vinyl siding and Norwegian brick
- New roofs in 2015 on both homes, carport and garage.
- Generator a" Generac Guardian Series 17KW; two HVAC units
- Yard well and pump. Irrigation installed in most of the yard.
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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 |
|---|---|---|---|
| Dec 4, 2018 | Sold | ||
| Sold | |||
| Sep 25, 2018 | Listed by DAVIDSON REALTY, INC. | $375,000 | |
| Listed by DAVIDSON REALTY, INC. | |||
Property Highlights
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017