126 Eldorado DRIVE
About This Property
Step inside to discover a meticulously maintained interior complemented by newer appliances, stone countertops, recent upgrades including a new roof installed in 2023, ensuring peace of mind and protection from the elements. Keeping cool during Florida summers is a breeze thanks to the new AC unit installed in 2018, along with updated ductwork in 2022 for optimal airflow throughout the home. New interior paint January 2024!
Energy efficiency is further enhanced with blown-in insulation added in 2023, keeping utility costs in check year-round. Enjoy the luxury of soft water with a new water softener installed in 2020, providing silky-smooth water for bathing and cleaning.
Outdoor enthusiasts will appreciate the convenience of a fenced in yard, replaced water well pump in 2018, ensuring reliable access to fresh water for irrigation and other outdoor needs. Additionally, the property boasts an expansive 18x40 carport complete with a new canopy top, offering ample space for parking vehicles or outdoor entertaining. This property also features a 20x40 storage shed with electricity!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017