3619 ORTONA DRIVE
About This Property
3619 Ortona Drive is a fully gutted property ready for your vision. Previously impacted by the hurricane, the home has been cleared out down to the studs, saving you demolition time and expense. This is a true blank slate for investors, flippers, or contractors looking for their next project.
Situated on a quiet residential street with strong rental and resale demand, the lot offers great potential for a full renovation or rebuild. No HOA and conveniently located near US-19, shopping, restaurants, parks, and Gulf beaches.
Bring your contractor and creativity - opportunities like this don't last long. Priced for a quick sale.
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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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About Beacon Square
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$1,250 /mo
- 1 Bed
- 1 Bath
- 732 ft²
$1,195 /mo
- 2 Beds
- 1 Bath
- 722 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017