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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%.
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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 |
|---|---|---|---|
| Oct 22, 2026 | Sold | ||
| Sold | |||
| Oct 21, 2026 | In contract | - | |
| In contract | |||
| May 18, 2026 | Listed by Tropical D&D Realty LLC | $310,000 | |
| Listed by Tropical D&D Realty LLC | |||
| May 17, 2026 | No longer available | - | |
| No longer available | |||
| Nov 17, 2025 | Listed by Coldwell Banker Realty | $309,900 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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Situated on a quiet street surrounded by newer homes, this beautifully crafted 3-bedroom, 3-bathroom new construction home offers just under 1,500 square feet of thoughtfully designed living space. From the pavered driveway to the stone-accented entryway, every detail has been carefully considered to create a modern curb appeal. Inside, 24x48 tile flooring flows throughout, blending style and durability. Shaker-style cabinets, quartz countertops and backsplash, and stainless steel appliances elevate the kitchen, while the transferable extended 3-year appliance warranty ensures peace of mind. This floor plan offers the option to rent out part of the home, or utilize it as an in-laws suite, providing a private entrance, wet bar area, and separate bedroom/bathroom. Designed for efficiency and resilience, the home is equipped with impact-resistant windows and doors, a tankless water heater, and is not located in a flood zone. Convenient access to SR-82 will provide an easy commute to Fort Myers, local shops and dining, and the beautiful beaches of Southwest Florida. Don't miss your chance to own this stunning new home—schedule your private tour today!
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About Alabama
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017