149 MENENDEZ Road
About This Property
Homeowners, craft your dream oasis. Customize the existing structure to reflect your unique vision. Wake up to breathtaking views, entertain on a rooftop terrace, and immerse yourself in a property that's not just an investment but a legacy in the making! For builders, envision architectural brilliance with added levels, seize the opportunity to build two income-generating properties! Explore short or long-term rentals in a prime location. The property's ideal location and setting along with the FEMA Flood Mitigation Assistance Grant provide security, making it a haven for visionaries seeking long-term value! Don't miss out, as this won't stay on the market for long!
If no satisfactory offer is received by January 2024, the homeowner/ licensed Florida Realtor, intends to proceed with renovating the property, potentially resulting in a significantly higher market value upon resale.
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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 |
|---|---|---|---|
| Nov 18, 2023 | Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | $500,000 | |
| Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | |||
| Dec 1, 2021 | Sold | ||
| Sold | |||
| Oct 7, 2021 | Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | $435,000 | |
| Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | |||
| Mar 21, 2018 | Sold | ||
| Sold | |||
| May 26, 2017 | Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | $299,900 | |
| Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | |||
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About South Davis Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017