5802 Tangelo Drive
About This Property
Located just moments from Downtown Shoppes, a variety of exquisite Restaurants, pristine Beaches, and the convenient I-95 corridor, this home offers the perfect blend of tranquility and accessibility. The property boasts extended parking, ideal for your boat or recreational toys, ensuring your adventurous lifestyle is well accommodated.
Step inside to discover a cozy and inviting living space, ready to be transformed with your personal touch. The home features a robust 2022 Metal Roof and a brand-new 2023 AC unit, complete with a Transferrable 10-Year Warranty, offering peace of mind for years to come.
The neighborhood park is a true highlight, providing a serene setting for gatherings with family and friends. Enjoy fishing in the stocked lake, let the kids explore the playground, or host a barbecue using the park's grills and picnic tables.
With a bit of renovation, this quaint property could become the ideal First Time Home, a lucrative Investment Property, or a perfect Seasonal Getaway. Embrace the potential and make this Key West Style Pool Home your own slice of paradise in Indian River Estates.
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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.
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About Indian River Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017