4805 Mainland Drive
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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.
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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 |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| Jul 4, 2024 | Listed by Compass Florida, LLC | $384,900 | |
| Listed by Compass Florida, LLC | |||
| Apr 8, 2024 | Sold | ||
| Sold | |||
| Mar 11, 2024 | In contract | - | |
| In contract | |||
| Mar 6, 2024 | Listed by Serafina Realty Inc. | $199,000 | |
| Listed by Serafina Realty Inc. | |||
| | |||
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This home is in need of complete rehab. The roof has leaks and the interior ceiling has damage. There is evidence of mold. It is being sold AS IS in original condition. There are 2-Bedrooms, 2 Bathrooms and a PARTIAL 1-car Garage (Carport has been converted by a prior owner). 1354 Square Feet under air. Family Room in the rear of the home adds additional living space. 18x11 rear patio. This home is located in the Mainlands Section 1&2 (Claims to be Housing for Older Persons 55+) with a nice Clubhouse and Community Pool and Low HOA Fee of only $95/month. CASH ONLY. Quick Closing Needed! Multiple offers received as of 3-8-24. Sellers are reviewing offers.
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About Tamarac
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017