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2254 9th Terrace
About This Property
Inside, you'll find a comfortable layout along with new impact windows installed in the living room and bedrooms in 2022 for added peace of mind and energy efficiency. Step outside to the oversized covered lanai, perfect for relaxing year-round, while the 10' x 12' storage shed provides ample room for tools, equipment, and hobbies. A covered carport adds convenience and protection from the elements.
Located just one block off Joel Boulevard, this home offers easy access to shopping, dining, parks, schools, and houses of worship while maintaining the privacy and tranquility of a cul-de-sac setting. Connected to city water and move-in ready, this property is an excellent opportunity for first-time buyers, retirees, or investors alike. Don't miss your chance to own this affordable Southwest Florida home with room to spread out and enjoy.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 17, 2026 | Sold | ||
| Sold | |||
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by Compass Florida LLC | $205,000 | |
| Listed by Compass Florida LLC | |||
| Aug 1, 2022 | No longer available | - | |
| No longer available | |||
| Jul 17, 2022 | Relisted | $265,000 | |
| Relisted | |||
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About Joel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017