4019 OAKWOOD
About This Property
This property works beautifully as a full-time residence or seasonal retreat. The large carport-capable of comfortably fitting two vehicles-sits beside a low-maintenance lot with plenty of concrete, making upkeep effortless. At the front of the home is a bright Florida room that leads into a flexible layout containing a second bedroom and a half bath, where the indoor washer and dryer are conveniently located.
Inside the main living area, the open floorplan allows the kitchen, dining space, and living room to flow together, creating a warm and connected environment. Toward the back, you will find the primary bedroom and a full bathroom. The flooring throughout is solid, and recent improvements add peace of mind. Although the previous roof-over was removed after the storms, the main roof remained fully intact with no leaks. Only one front window requires replacement, and because the home still has a functioning roof, it is move-in ready while final roofing updates are completed. The property is being sold fully furnished and turnkey.
Citrus Grove Estates is a gated community featuring shuffleboard courts, a clubhouse, and a bocce court, along with numerous scheduled activities and events. Please note that park approval is required, this is a 55+ community, and pet restrictions do apply. The standard monthly fee is $210, with an additional temporary $100 assessment through the end of the year to support ongoing hurricane-related repairs. And best of all-NO LOT rent!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017