470 2nd Street
About This Property
This home has undergone a complete remodel with high-quality recent updates throughout, making it truly turn-key and perfect for families or anyone seeking low-maintenance Florida living. Step inside to discover stunning all-tile flooring that flows seamlessly from room to room - durable, easy to clean, and stylish.
Bright and energy-efficient LED lighting and new ceiling fans have been installed in every room, creating a fresh, inviting atmosphere. Stay comfortable year-round with a brand-new HVAC system and water heater. Fresh interior and exterior paint gives the home exceptional curb appeal and a like-new feel.
Both bathrooms have been fully remodeled with modern finishes, including elegant new vanities, fully tiled showers and bathtubs, and updated toilets. An additional bathroom was thoughtfully added during the renovation, providing the convenience of two full baths for a growing household.
Enjoy the best of Northwest Florida living: just 40 minutes from Dothan, AL, and less than an hour from the sugar-white sands and emerald waters of Panama City Beach. Whether you're heading to the coast for a weekend getaway or running daily errands in town, this location offers the perfect balance of small-town charm and proximity to bigger destinations.
Priced to sell and ready for its new owners
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017