1234 SW Locks Road
About This Property
Rare opportunity to ?wn a C?S, 3-bed, 2-bath, plus den/office, 2.5-car garage home on +1/2 ACRE lot in Martin County with NO HOA. Custom built in 2005 & immaculately maintained, this home has significant recent upgrades:
•New 2025 Tile Roof & gutters
•New 2023 HVAC
•Freshly painted interior/exterior
•Lanai with Kevlar hurricane screens
•Bonus Space for Den/Office
•Plantation Shutters
•Double garage + dedicated golf cart/toy space
•2023 New Ox floor coating
•Convenient Access to I-95 Kanner Road exit
Enjoy privacy with perimeter fence & lush landscaped privacy fence. Public water, plus well-water irrigation w/ new pump & controller.
The perfect, turn-key home offers the relaxed Florida lifestyle with privacy to live and space
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017