2721 PALENCIA Street
About This Property
As you enter the home and come upstairs to the main living space, you are welcomed by an inviting and open floor plan. The main living area is adjacent to the kitchen, which is complete with a living/dining combo and an abundance of natural light. Step outside on the east-facing deck to enjoy your morning coffee and watch the sunrise over the ocean.
The main level also features two large bedrooms and two full bathrooms, with easy access to the expansive two-story back deck. Take the outside stairs or elevator down to the first level, which features an additional bedroom suite (separate from upstairs living space), complete with a kitchenette and three-quarter bathroom.
The private, fully-fenced backyard provides ample room for outdoor entertaining, with unique features such as a wooden porch swing, an outside toilet, a lamp post and plenty of green space for playing or gardening. From the back or sides of the yard, access the over-sized 2-car garage, complete with a workshop area.
It doesn't take much imagination to envision yourself enjoying this unique home, whether it be soaking in the sun on the front deck, barbecuing in the private backyard or savoring some R&R inside the inviting family room. There is no doubt you'll share many memorable moments here!
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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 |
|---|---|---|---|
| Feb 2, 2016 | Sold | ||
| Sold | |||
| Dec 14, 2015 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $350,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017