56
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18277 NW 304TH Street
About This Property
With 1.25 acres of land, this property may appeal to buyers seeking a private rural homesite or a long-term land investment. Its spacious setting offers an opportunity to explore future residential use, subject to applicable zoning regulations, site conditions, and development requirements.
The property is located in Flood Zone X. Buyers should independently verify the current flood zone designation and any applicable building or insurance requirements with FEMA and the appropriate local authorities.
Buyers should verify the property's zoning designation, permitted uses, setbacks, utility availability, legal access, parcel boundaries, and all applicable development requirements with Okeechobee County before purchasing.
The property is available for a self-guided tour. Buyers are encouraged to evaluate the property's terrain, vegetation, access, and surrounding conditions firsthand. Subleasing is not permitted. This lot is not available for rent or lease.
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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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Address: 335 Madison Avenue, New York, NY 10017