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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%.
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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 |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Nov 18, 2024 | In contract | - | |
| In contract | |||
| Nov 14, 2024 | Price Decreased |
$499,000
↓ $11K
(2.2%) | |
| Price Decreased | |||
| Nov 7, 2024 | Price Increased |
$510,000
↑ $11K
(2.2%) | |
| Price Increased | |||
| Sep 26, 2024 | Listed by Ryan Critch Real Estate | $499,000 | |
| Listed by Ryan Critch Real Estate | |||
| | |||
|
SELLER OFFER RATE BUY DOWN CREDIT, GET A LOWER INTEREST RATE! NO HOA. Move-in ready, 2 bed, 1.5 bath home w/ flexible den that could easily be converted into a 3rd room in East Deerfield, less than 3 miles to the beach. Beautifully remodeled kitchen, updated bathrooms, & a . Enjoy peace of mind with a NEW ROOF (2019), IMPACT windows, and NEW HVAC (2020). The attic & Florida room have been recently insulated, & Enjoy a full hurricane discount on insurance w/ both front & garage doors protected w/ Astro-Guard. The covered back patio is great for entertaining & the backyard has room for a pool. The professionally landscaped yard adds to the curb appeal, while the spacious backyard offers endless potential. Close before the end of the year & file for homestead in 2025. MOTIVATED SELLER! Enjoy your new gas hot water heater and updated electrical panel. Since there is already a tank on the property, installing a generator is that much easier. Less than 5 minutes to Target, Sprouts and ample restaurants, don't wait to call Deerfield Beach home.
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About Fairlawn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017