5224 Conklin Drive
About This Property
This old style Florida home was recently painted. There is very nice wood plank tile in the kitchen and dining area and nice wood laminate throughout the rest of the house. Master bath partially updated. Indoor laundry room. New AC unit in living room. Has large workroom and storage area of kitchen which can easily be converted to a den or bedroom. Beautiful yard with gazebo and shed. Sprinkler on well. Zoned Agricultural Residential. This is a true 3 bedroom 2 bath home with lots of privacy and plenty of room for a pool, garage or an addition to existing structure. Possibility of even subdividing and selling the attached lot. The house needs some improvements and updating but is truly a one of a kind property considering the location and is priced to sell.
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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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About Rockland Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$7,900 /mo
- 3 Beds
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- 2,071 ft²
$10,000 /mo
- 3 Beds
- 2 Baths
- 1,770 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017