408 SE 8th Drive
About This Property
Charming home on a waterfront lot. This 2 BR / 1 BA concrete block home has an open concept Livingroom, kitchen, and dining room. New laminate wood flooring, one car garage with electric door opener, concrete driveway and fenced backyard, Lots of great upgrades. This home has a newer Metal Roof, over 1500 square ft, NO HOA. And is located on a cul-de-sac. The bright & open kitchen features solid wood cabinets, tile floors, new butcher block countertops and newer stainless steel appliances. Two large bedrooms, both fit a king size bedroom set and each bedroom has wall-length closets. Located within walking distance of shopping and restaurants. Very easy for commuting to the east coast. Call today to schedule your private showing be
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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 Okeechobee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017