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1411 IVYDALE ROAD
About This Property
Both the living room and family room open to the covered, screened lanai and pool area, extending the living space outdoors. The saltwater pool features a Blue Diamond finish, and the screened enclosure provides plenty of room for relaxing and entertaining. Beyond the pool is a private Florida retreat filled with established gardens, flowering plants and mature shade trees, including banana trees, Norfolk Island pines and a magnolia tree. The backyard is fenced, and a concrete walkway extends from the garage along the side of the home to the backyard and 11x10' storage shed. There's even more flexibility with the approximately 18' x 12' detached building featuring air conditioning, electricity, vaulted ceiling, ceiling fan and its own half bath. Use it as a home office, hobby or craft room, studio, workshop or your own private getaway. The two-car garage includes a utility sink, ceiling fan, garage door opener and washer/dryer connections. The garage and exterior have been recently painted. Photovoltaic solar system 2022 for lower electric bills is owned. Roof 2017. Repaired sinkhole with documents 2010. HWH 2026. Bring your boats, RV's toys! NO HOA. This porperty offers indoor and outdoor spaces you simply don't find in every home - make it your own!
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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%.
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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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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017