2427 NW 63rd TERRACE
About This Property
One of the highlights of this home is the large screened-in porch, offering a peaceful retreat with a view of the beautifully wooded backyard. This outdoor space provides an ideal spot for enjoying nature, entertaining guests, or simply relaxing with a cup of coffee.
In addition to the inviting living spaces, the house includes practical amenities such as a two-car garage, ensuring convenient parking and storage.
Recent upgrades enhance the home's functionality and energy efficiency, including a new gas water heater, newer roof, and newer windows. These improvements contribute to the overall value and comfort of the property.
The location of this home is convenient for various aspects of daily life, being close to schools, shopping centers, Santa Fe College, the University of Florida (UF), Shands Hospital, and North Florida Hospital. The proximity to parks and springs adds recreational opportunities, making it an appealing choice for those who enjoy outdoor activities.
Overall, this well-maintained and upgraded home offers a comfortable and inviting living space with modern amenities, making it an excellent choice for a family or anyone looking for a charming residence in a convenient location.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017