3209 PAMELA DRIVE
About This Property
Discover this incredible one-acre lot, mostly cleared and fully fenced, featuring a small concrete pad. This versatile property is perfect for either a mobile home or single-family construction. Located off a graded road, there are only four undeveloped one-acre lots on this street, while all the other lots are already home to beautiful residences.
Best of all, this property is not in a flood zone, giving you peace of mind as you plan your dream home. If you're looking for a peaceful spot surrounded by Florida's natural beauty, this lot is a must-see! With minimal site work required, you'll be ready to start building in no time. Don't miss out-stake your claim today!
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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