1285 SE 23rd Street
About This Property
The flawless two car side entry garage is impeccable with custom floors and cabinetry. We can't leave behind the new roof installed in 2018 after Irma and brand-new impact hurricane windows. The property was recently freshly painted.
People have moved to Florida for health reasons, retirement, business startups, or simply looking for a tropical place to start over throughout history. Often, vacationers fall in love with the state and begin making aggressive plans to find their dream home near the 1,350 miles of coastline bordering both the Gulf of Mexico and the Atlantic Ocean. Florida is home to many of the United States' top-rated beaches, including Destin Beach, Pensacola Beach, Clearwater Beach, Miami Beach, and Fort Lauderdale Beach. With the lack of state income tax, year-round sunny weather, and countless attractions from Orlando to Key West, the allure of the Sunshine State is timeless. Becoming a Florida resident is something people around the world dream of; whether you are a millennial launching your career or preparing for the long-awaited retirement years, Florida real estate offers something for every stage of life. Florida homes provide everything from new home construction in Orlando, with proximity to Disney World Resorts and Universal Studios or other famous theme parks like Busch Gardens of Tampa Bay. Florida is home to eight of the top twenty amusement parks in America.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 4, 2024 | Sold | ||
| Sold | |||
| Oct 24, 2024 | In contract | - | |
| In contract | |||
| Oct 12, 2024 | Price Decreased |
$449,900
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Sep 18, 2024 | Price Decreased |
$454,900
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Aug 30, 2024 | Relisted | $460,000 | |
| Relisted | |||
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About Okeechobee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017