47 BICKFORD Drive
About This Property
MOTIVATED SELLER!
Beautiful 3 Bedroom 2.5 Bath Home on a canal leading to Bird of Paradise Lake. Pristine landscaping with Palms and fruit trees. This Home is located on a deep water canal and is NOT in a Flood Zone! Home has stunning Plantation shutters! Lots of upgrades, New Stainless Steel Refrigerator and Stove, central vacuum system, Alarm System, Granite Counters, Whirlpool Tub, Outside 1/2 bath (Pool Bath), Outside Pool Shower, Irrigation with shallow well. Enjoy your coffee with the relaxing sound of the waterfall coming off the Koi Pond. Feel Safe with the hurricane shutters on every window. A/C is just 3 years old. Take a short drive to the beach to surf, sun, or fish.
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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%.
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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