249 MALVERN DRIVE
About This Property
Enjoy the Florida lifestyle with a private, fully fenced yard, large pool, and relaxing screened lanai-perfect for entertaining or just unwinding in your own space.
Located in a neighborhood with public water/sewer and easy access to beaches, dining, shopping, and everything Venice has in the area. No HOA! New water heater in 2025. New roof in 2012, and home was re-piped in 2010. Solar panels installed in 2022 and the loan can transfer with the sale of the property, monthly payment is $286 with about a $30 electric bill.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017