5301 Choctaw STREET
About This Property
Adding to the property's charm is a versatile 12' x 18' lofted barn, dubbed the "she shed," which can be transformed into a creative space or whatever your imagination desires, complete with electrical service. The property also boasts two additional sheds: a 12' x 16' back shed, complete with water and electric, ideal for keeping chickens with an existing coop, and a 10' x 16' front shed that is partially insulated.
The practicalities are well taken care of with a new salt water treatment system, including a new pump and bladder tank installed in 2023. For those with a recreational vehicle, there's an RV hook-up, and a spacious 23' x 23' carport pad provides ample parking or outdoor project space. This property isn't just a home; it's a lifestyle choice for those looking to escape the hustle and bustle of everyday life and immerse themselves in the peace and beauty of the countryside.
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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 |
|---|---|---|---|
| Mar 18, 2024 | Sold | ||
| Sold | |||
| Feb 17, 2024 | In contract | - | |
| In contract | |||
| Feb 12, 2024 | Listed by BERKSHIRE HATHAWAY HS FLORIDA NETWORK REALTY | $389,900 | |
| Listed by BERKSHIRE HATHAWAY HS FLORIDA NETWORK REALTY | |||
| Dec 17, 2015 | Sold | ||
| Sold | |||
| Aug 25, 2015 | Listed by BERKSHIRE HATHAWAY HS FLORIDA NETWORK REALTY | $124,900 | |
| Listed by BERKSHIRE HATHAWAY HS FLORIDA NETWORK REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017