1405 PROVIDENCE BOULEVARD
About This Property
Monthly utility bills total under $150! With water averaging just $30/month, gas in the low $40s, and electricity around $35, this home is as efficient as it is beautiful.
The open floor plan is bathed in natural light, showcasing a spacious living area with a cozy ELECTRIC FIREPLACE. The kitchen is a CHEF'S DREAM, featuring STAINLESS STEEL APPLIANCES, STONE COUNTERS, and a view of the inviting screened-in LUXURY POOL with an attached HEATED SPA THAT WATERFALLS INTO THE POOL!
The outdoor space is perfect for entertaining with a BBQ GRILL, a well-kept STORAGE SHED, and a FULLY FENCED-IN BACKYARD for added privacy, enhanced by the beauty of BAMBOO TREES that create a serene and natural atmosphere.
The luxurious PRIMARY SUITE boasts a sliding glass door that opens to the pool area, complemented by CUSTOM WINDOW COVERINGS. All doors throughout the home are SOLID WOOD, adding an elegant touch.
This home is not only a perfect residence but also an excellent investment opportunity! It can be used as a SHORT-TERM RENTAL, offering the potential to generate OVER $40,000 ANNUALLY in income. Located near MAJOR ROADWAYS, it provides easy access to top destinations such as DISNEY WORLD, local beaches, RESTAURANTS, and SHOPPING CENTERS – making it an ideal spot for tourists and visitors.
This is truly a must-see! Schedule your tour today!
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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