15139 111th Ter Terrace N
About This Property
The woodwork is amazing as the original owner took 5 years of weekends to build this extremely solid home out of this extremely solid home out of Dade County Pin beams and posts.The current owner added too many updates to describe here, including impact windows and doors. There is potential to add an addition onto the house as well as a plans for a large garage. The septic system originally was installed for a 3 bedroom house. New vinyl flooring, updated kitchen with granite and new appliances, lights, fans, new full bathroom upstairs, removed wall downstairs updated half bath downstairs, added pantry, built in fridge, painted interior and exterior, seal coated the metal roof, added milling driveways, brought in 150 loads of dirt, restored pond, added fountain, 20k in landscaping plants and trees, 17k in invasive tree removal, added generator plug. Solar panel for assisting with the water heater. Septic emptied and inspected appx 6 months ago.
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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.
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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