604 DEL MONACO AVE
About This Property
The property features a 12' x 18' lofted barn shed with insulation, electrical wiring, water piping, air conditioning, and an on-demand hot water heater.
Additional site improvements include a water tank on the premises that was recently filled, an established garden with a dedicated workspace, a compost pile, and a 100-gallon rain barrel. The property also features a built-in fire pit and BBQ area, providing designated outdoor spaces for recreation and practical use.
Located within Interlachen Lakes Estates, Unit 16 Frederick Town, the property offers access to the surrounding community and local services in the Interlachen area.
The property is zoned R-2. Buyers should confirm permitted uses, minimum lot requirements, setbacks, building requirements, lot coverage, utility availability, legal access, and all applicable development standards before purchasing. The existing shed and other improvements should be evaluated for their condition, intended use, compliance with local regulations, and suitability for any future development plans.
The property is located in Flood Zone X, which is generally considered an area of minimal flood hazard under current FEMA flood maps.
The property is identified by Parcel ID 24-09-24-4075-0530-0110. Subleasing is not permitted. This lot is not available for rent or lease.
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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 11, 2026 | Listed by Sunland Real Estate, LLC. | $25,000 | |
| Listed by Sunland Real Estate, LLC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017