3506 Ibis DRIVE
About This Property
Stepping inside, you'll be embraced by the warmth of engineered hardwood floors in the living area. The kitchen is a space where your creativity can flourish, equipped with modern stainless steel appliances and convenient access to the carport for easy grocery unloading. Down the hallway, three bedrooms and two bathrooms, including a master suite, await your imaginative design.
Afternoons can be spent on the screened-in porch, with views of the beautifully landscaped backyard, or perhaps you'd prefer to relax with your favorite beverage on the welcoming front porch. It's all about location and endless potential here – conveniently located near the best schools, downtown Orlando, Thornton Park, and Winter Park's Park Avenue. This home is the perfect canvas in the perfect 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2024 | Sold | ||
| Sold | |||
| Nov 19, 2023 | In contract | - | |
| In contract | |||
| Nov 14, 2023 | Price Decreased |
$450,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Nov 10, 2023 | Price Decreased |
$455,000
↓ $2K
(0.4%) | |
| Price Decreased | |||
| Nov 3, 2023 | Price Decreased |
$457,000
↓ $2K
(0.4%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017