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1624 PICCADILLY DRIVE
About This Property
Built in 2000 and offering 2,261 square feet of living space, the home provides plenty of room to completely reimagine the interior and make it your own. The property includes a circular driveway for easy entrance and exit, along with a large screened room overlooking the backyard and even more space to enjoy outdoors.
The home sustained a fire in the kitchen and the interior is in need of a full renovation. The property is being sold as-is and is CASH ONLY, making this a great opportunity for an investor, renovator, or buyer looking for their next project in a convenient Daytona Beach location.
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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