11405 OAK LANE
About This Property
What makes this even better is you've got public water and sewer already in place, which is not always the case with properties like this.
You're tucked away in a quiet pocket, but still just minutes to the beaches, Walsingham Park, shopping, and top-rated Seminole schools.
There's a small 520 sq ft cottage on the property being sold as-is. Could be a starting point, could be a clean slate. Either way, it's all about the land here.
Lots like this don't come up often, especially in this location.
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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