5227 Falcon DRIVE
About This Property
With a recently updated bath and kitchen featuring wood cabinets and granite countertops, and a clean 4 point inspection report to satisfy insurance requirements, you can buy this house with peace of mind. Enjoy your mornings with coffee or unwind in the evenings with a cocktail on the spacious covered lanai off the Florida room. With no HOA, CDD, or flood insurance requirements, you can freely unleash your imagination and transform this house into your dream home. Situated just minutes from shopping, dining, entertainment, and some of Florida's most beautiful parks and beaches, this cozy home is ready to welcome its new owners. Don't delay - schedule your showing today!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Oct 20, 2024 | Price Decreased |
$249,900
↓ $5K
(2%) | |
| Price Decreased | |||
| Sep 17, 2024 | Price Increased |
$255,000
↑ $5K
(2%) | |
| Price Increased | |||
| Sep 17, 2024 | Relisted | $249,900 | |
| Relisted | |||
Property Highlights
Building Info
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Status
Price/ft²
Listed On
Sold On
About Colonial Hills
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017