This single-story residence in the non-gated Kings Bay community of
Okeechobee offers 1,194 square feet of living space and 1,834
square feet of total area, with two bedrooms and two full
bathrooms. The efficient floor plan provides a practical layout for
homeowners seeking a manageable property that doesn't sacrifice
comfort or functionality. The property boasts a metal roof,
large driveway, great screened patio, private fenced backyard, and
a beautiful kitchen! The property floor plan is for 3 bedrooms but
the seller chose to have a larger living room and 2 bedrooms
instead. If a 3rd bedroom is preferred, this property can easily be
converted to fit this need by simply adding a wall & door to the
bonus area adjacent to the family room. Living in Kings Bay
adds even more to enjoy, with community amenities that include a
swimming pool and tennis courts. Whether you are relaxing at home,
spending an afternoon by the pool, or exploring everything
Okeechobee has to offer, this property combines comfort,
convenience, and community living in one attractive package.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017