14865 Flamingo Drive
About This Property
All paved roads to this unique 1/2 acre homesite. New metal roof in 2023, impact windows throughout, plus panel shutters, and generator switch. Kitchen has granite counters and a tiled backsplash with 42'' cabinets. There are 3 full b/r plus a 10x7 bonus room could be an office or additional storage. Extra concrete on the drive allows for large vehicles or boat, and a pad for an RV with 30 amp RV receptacle. There is a 45x20 screened patio, a shed, and room for a pool. The baths have been updated, plus a 1/2 bath for extra convenience. The detached 2 car garage has its own electrical panel. Nice property in a great location!
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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 Loxahatchee Groves
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$8,500 /mo
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$1,000 /mo
- 1 Bed
- 1 Bath
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017