3966 NW 38th Avenue
About This Property
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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 |
|---|---|---|---|
| Jul 15, 2024 | Sold | ||
| Sold | |||
| Jun 21, 2024 | In contract | - | |
| In contract | |||
| Jun 10, 2024 | Listed by United Realty Group Inc. | $76,000 | |
| Listed by United Realty Group Inc. | |||
| | |||
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AMAZING FIND!! Investor Special 2 bed/1 bath fixer upper CBS unit located on an oversized lot in the sought after community of Basswood, Okeechobee. Okeechobee is the fastest growing city in South West Florida. This unit is 1 hour away from Palm Beach International Airport, upscale shopping at City Place in downtown West Palm Beach; Casino, Airports, Malls, beautiful sandy beaches in adjoining Palm Beach County. Basswood is just a short drive to upscale dining and great entertainment.
Enjoy boating on Lake Okeechobee nearby.
Lots of room to expand the house and also build a pool. Within minutes of gas stations, Walmart, Aldi, Pharmacies, Hospital and Parks.
Seller will allow Title company to hold up to $10K to pay county fines on the Unit.
Dimensions are appx. Buyer to verify
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| May 10, 2024 | Sold | ||
| Sold | |||
| Apr 13, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017