2245 SE 14th St
About This Property
This is the perfect 3 bedroom 2 bath home built in 1955. It is the lowest priced waterfront home in Pompano Isles. It has a lot of original character but can be transformed into what you envision. It is a split floor plan with an oversized Living room and fireplace. The kitchen has been redone with stainless steel appliances and granite countertops. The Florida room overlooks a pool. The bathrooms are original with all that character features. Your waterfront location has a riprap seawall with 60 feet on the water. The home is over 1800 square feet and has 2 AC units.
It is priced to sell...
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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 |
|---|---|---|---|
| Jun 17, 2020 | Sold | ||
| Sold | |||
| May 13, 2020 | Listed by Mercer Realty | $549,000 | |
| Listed by Mercer Realty | |||
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About Pompano Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017