1415 FALCON ROAD
About This Property
This open-concept home features tile flooring throughout and is filled with natural light, creating a bright and inviting space for everyday living and entertaining. Step outside to your private backyard oasis with a heated pool, recently refreshed and ready to enjoy year-round. The pool cage was replaced last year, adding both value and peace of mind.
Major updates make this home truly stand out: the roof is currently under contract and expected to be completed this week, the electrical panel was replaced in 2023, and the septic system and leaching field were fully replaced in 2022. The pool was remodeled in 2012, and the AC was installed in 2012. Durable Hardie board siding, a water softener, and beautiful exterior shutters further enhance the home's quality and curb appeal.
Situated on an oversized lot with a fully vinyl-fenced yard, there is plenty of room for pets, play, or entertaining. As an added bonus, this home is just minutes from the South Venice Beach Ferry, offering convenient access to one of the area's most sought-after private beach experiences.
Located close to shopping, dining, parks, and local beaches - with no HOA restrictions - this home offers both lifestyle and peace of mind. With big-ticket items already addressed and an ideal layout for Florida living, this is a must-see home. Schedule your private showing 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