416 SE 8th 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 |
|---|---|---|---|
| Nov 6, 2023 | Sold | ||
| Sold | |||
| Sep 25, 2023 | In contract | - | |
| In contract | |||
| Aug 17, 2023 | Listed by Mixon Real Estate Group | $365,000 | |
| Listed by Mixon Real Estate Group | |||
| Jul 20, 2023 | No longer available | - | |
| No longer available | |||
| Jul 11, 2023 | Listed | $379,000 | |
| Listed | |||
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On Taylor Creek- 1,900 sf concrete block home 2,898 sf total living area. Large covered back deck overlooking the water with fenced backyard. New roof 2023, new flooring, new paint and hot water heater. Spacious living & dining room, attached carport. 2 central a/c units, mature oak trees provide ample shade on the house. Seawall with boat slip and deck. 10 minute boat ride to Lake Okeechobee right from the back yard.
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About Okeechobee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017