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2220 Salem Drive
About This Property
Welcome to a home that has been loved, cared for, by the same original owners since 1967! This solid concrete block home offers plenty of space, a private pool, and several recent improvements that make it ready for its next owner.
Step outside and enjoy your own private solar-heated pool, perfect for Florida living nearly year-round. The sellers have recently invested almost $30,000 in improvements, including a brand-new pool deck and carport coating with a durable, anti-slip epoxy resin finish, plus a brand-new vinyl fenced backyard for added privacy.
One of the highlights of the home is the HUGE added-on lanai, giving you plenty of covered space to relax, entertain, or enjoy the Florida lifestyle out of the sun. There are also storage sheds providing extra room for tools, lawn equipment, bikes, and more.
Inside, you'll find an additional bonus room that can be used however you may desire extra space for your office, game room, extra sitting area, or just have handy additional living space.
Other important features include a roof replaced in 2019 and the peace of mind that comes with concrete block construction.
After nearly 60 years with the same family, this well-cared-for home is ready for a new owner to make it their own. With a private pool, oversized lanai, fenced backyard, extra storage, and recent improvements, this is a great opportunity to enjoy the Central East Coast Florida lifestyle!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 14, 2026 | In contract | - | |
| In contract | |||
| Sep 9, 2026 | Listed by Guettler Realty Group | $275,000 | |
| Listed by Guettler Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017