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5741 Simms St
About This Property
The location is hard to beat: minutes from restaurants, shopping, supermarkets, a gym, and the Hard Rock Hotel & Casino. Sitting on a large corner lot with NO HOA, it also offers PARKING FOR UP TO 7 CARS plus a boat, and a shaded backyard with mature tropical and fruit trees (banana and avocado).
No rental restrictions make it ideal for families, investors, and snowbirds alike. The property is located in FEMA flood zone X500, indicating minimal flood risk. Schedule your showing today!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2026 | Listed by WRA Business & Real Estate | $519,985 | |
| Listed by WRA Business & Real Estate | |||
| Dec 19, 2024 | Listed | $420,000 | |
| Listed | |||
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Welcome to this charming 3-bedroom, 2-bathroom home nestled in a quiet and desirable central Hollywood neighborhood. Featuring durable tile flooring throughout, this residence offers a seamless and stylish foundation for your décor. The spacious kitchen provides ample room for cooking and entertaining, while central AC ensures year-round comfort. Conveniently located near the Turnpike and just minutes from the Hard Rock Casino, you’ll enjoy easy access to both travel and entertainment.
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| Jun 7, 2010 | Sold | ||
| Sold | |||
| Jul 29, 2004 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017