2088 NELLIE STREET
About This Property
This charming home features spacious bedrooms, including a master suite with a remodeled ensuite bath featuring a new shower. The kitchen is stylish and functional, showcasing stainless steel appliances and neutral cabinetry. Additional living space is provided by a versatile office or den, created from a partial garage conversion. The spacious laundry room includes a newer washer and dryer.
Updates include a brand-new AC unit (2024), remodeled bathrooms, luxury laminate flooring, security cameras, fresh interior paint (2023), new shower in primary bath (2023), garage sensor lights (2022), exterior paint (2021), gutters with leaf guards (2021), re-screened windows (2022), UV light and custom AC filter (2022), water heater (2020), insulation (2018), baseboards (2018), appliances (oven and range hood 2023, fridge 2017), roof (2011-2012), and modern white vinyl fencing (2022).
Enjoy outdoor living with a relaxing spa and gazebo in the spacious fenced backyard, along with a charming patio perfect for morning coffee or entertaining. Walkable to a community park and just two minutes from local shopping and entertainment, this home offers the best of Florida living.
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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.
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