4211 NE 26th Terrace
About This Property
Positioned on a beautifully landscaped, generously sized lot, this home is a true sanctuary of privacy. The lush surroundings and mature greenery create a tranquil escape in the heart of the city. The outdoor oasis is complete with a stunning coral rock waterfall that cascades over the pool, a built-in spa for relaxation, and a charming sandbox for children to enjoy- gatherings and entertaining. Built with durability in mind, the property is hurricane-ready with all impact-resistant glass throughout. The roof, approximately eight years old, provides peace of mind, while the hot water heater is just about five years old. The home is equipped with two air conditioning unitsone newly installed and the other approximately nine years oldensuring year-round comfort.
Inside, the home boasts a unique charm with original woodwork and stone accents, offering character rarely found in newer properties. Although it requires some updating, the potential here is undeniable.
Located in Venetian Isles, one of Lighthouse Point's most coveted communities, you are minutes away from waterfront dining, world-class marinas, and pristine beaches. This is your chance to reimagine a distinctive property in an unparalleled location.
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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 Lighthouse Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017