25
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1956 Nottingham Road
About This Property
Excellent starter home or investment property. This concrete block home is minutes away from Sherwood Elementary and Eastern Florida State College, has a fully fenced back yard, features banana trees and sugar cane, and is a short drive to shopping and dining. The roof, AC, and all Appliances are only 3 years old. This home also features a 300 square foot storage building on a concrete slab with electricity, perfect for a work shop. Come see it today before it's gone!
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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