1258 SE Lake ROAD
About This Property
New AC/Heat Pump**All new PEX plumbing**New Water Heater**Added insulation underneath home**New Belly Board underneath**New Underpinning**Replaced 18 of 20 tie down straps**Added insulation and A/C unit to small shed**Painted Interior and Exterior**All new LVP Flooring**New Roof Shingles**New Roof Coating on Carport and Lanai. Enclosed lanai with AC with great views of the pond. Primary bathroom has been redone with tiled shower and a walk in closet. Open floorplan with split bedrooms for privacy. Laundry room and large pantry. Low HOA fee of $800 a year includes water. Short drive to all the things you might need in Arcadia. This isn't your average manufatured home.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017