1114 MICHIGAN DRIVE N
About This Property
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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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| May 26, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Listed by CELTIC REALTY | $409,000 | |
| Listed by CELTIC REALTY | |||
| Jun 17, 2024 | Sold | ||
| Sold | |||
| May 6, 2024 | Listed by LPT REALTY | $215,000 | |
| Listed by LPT REALTY | |||
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With two bedrooms, a full bath, an enclosed patio, and a one-car garage, this property offers both functionality and potential. The blank canvas of the interior, framed out with 2 x 4's and devoid of drywall, invites creativity and customization. The recent replacements of the AC and roof provide assurance of reliable and efficient systems, a significant boon for any homeowner. And its location on a dead-end street near Downtown Dunedin, the Pinellas Trail, and the beaches ensures convenience and access to a variety of amenities and outdoor activities. For someone with the vision and skills to undertake a renovation project, this property holds great promise for realizing its full potential as a comfortable and personalized home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017