11823 ARMADA WAY
About This Property
The primary suite feels like a private retreat, featuring dual sinks, a dedicated vanity area, and an oversized walk-in closet reminiscent of a boutique dressing room. A thoughtfully designed split floor plan enhances privacy, with the secondary bedrooms tucked away in their own wing, complete with a full bath and tub. Just off the main living area, a beautifully designed pocket office provides a quiet, dedicated space for working from home or managing daily life. Step outside and enjoy the best of Florida living with a screened lanai and private pool featuring a bubbling sundeck, heater, and chiller for year-round enjoyment. Installed pool safety gates and alarms provide added peace of mind. Additional upgrades include a water softener system, expanded driveway, upgraded lighting and fans, custom interior shutters, and a generator transfer switch. Move-in ready and thoughtfully upgraded, this home delivers comfort, style, and immediate value.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 31, 2026 | Sold | ||
| Sold | |||
| Jun 21, 2026 | In contract | - | |
| In contract | |||
| Jun 10, 2026 | Relisted | $459,900 | |
| Relisted | |||
| Jun 6, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Price Decreased |
$459,900
↓ $15K
(3.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017