118 Florence Drive
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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 |
|---|---|---|---|
| May 2, 2025 | Sold | ||
| Sold | |||
| Apr 19, 2025 | In contract | - | |
| In contract | |||
| Apr 7, 2025 | Listed by LPT Realty | $949,000 | |
| Listed by LPT Realty | |||
| | |||
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Discover this stunning 3-bedroom, 2-bathroom home in the sought-after Tuscany at Abacoa neighborhood. Designed for modern living, this updated property features a spacious split floor plan, sleek contemporary styling, and Smart Home upgrades like an easy to use thermostat, UV disinfection for HVAC, programmable locks, hardwired Ring doorbell, EV charger, and even a smart garage door opener! The private backyard is an oasis with new fencing, a sandy beach shaded by hammock trees, and a sparkling pool with smart automation. The pool includes a heater, chiller, and color-changing LED lights for year-round enjoyment. Move-in ready and designed for easy living, this is a home you don’t want to miss. Schedule your showing today!
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| Aug 8, 2023 | Sold | ||
| Sold | |||
| Mar 22, 2023 | Listed by LPT Realty, LLC | $885,000 | |
| Listed by LPT Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017