4904 Florence STREET
About This Property
The yard is kept tailored and neat and is very private fully fenced and surrounded by landscaping and trees. Several security lights light up the entire area. There are pear, avocado, mango, Japanese plum and tamarind trees. For access you have double driveways, one on each side of the yard and the cottage has it's own private parking spot and entrance. The main house has a 14x28 carport that can be shut off for privacy. Less than a mile to Rock Springs, close to Orange Trail Trail Head, 429 and loads of shopping and restaurants yet you have out in the country feel. All of this and no HOA, water or sewer bill! What more could you ask for? If this sounds like exactly what you've been dreaming of, call today for your private tour of the house and grounds. These type properties don't come along very often and you don't want to miss out!
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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