1171 Choctaw Avenue
About This Property
Built in 2011, the home features an open floor plan that maximizes space and flow between the living area and kitchen. The kitchen is well-equipped with plenty of counter space and a desirable gas stove, perfect for those who enjoy cooking. The spacious living area offers a welcoming feel for family gatherings and entertaining.
The property sits on a large, fenced-in yard, providing privacy and plenty of room for outdoor activities. Hone has security cameras around the home as well! There are also two sheds on-site, offering ample storage for your tools, toys, or outdoor equipment. The home's open front porch is the ideal spot to relax and enjoy LaBelle's peaceful atmosphere during those beautiful Florida evenings.
Known for its southern hospitality and small-town charm, LaBelle is a hidden gem nestled in Southwest Florida. With its proximity to Fort Myers and just a short drive to the Gulf Coast, this location offers both a serene escape and easy access to all the conveniences of nearby cities. Whether you're looking for your next home or a smart investment, this property is brimming with potential and ready for new owners to make it their own!
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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