1508 ILLINOIS AVENUE
About This Property
Both bathrooms have been tastefully updated with designer finishes, modern vanities, and spa-inspired details. Additional upgrades include new plumbing, updated electrical wiring and panel, new windows, and numerous other improvements - truly too many upgrades to list!
Enjoy spacious living areas ideal for entertaining, multi-generational living potential with two primary-style suites, and a bright modern feel throughout the home. Conveniently located near Lake Nona, Medical City, shopping, dining, major highways, and top-rated schools.
No HOA! Extremely motivated seller - priced to sell quickly. This unique opportunity will not last long. 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