648 SE 2nd Street
About This Property
The private outdoor paver patio and lush landscaping makes this home an entertainer's dream for those who love to host gatherings and enjoy the gorgeous tropical weather and our stunning South Florida Sunset Skies. Other added features include upgraded 300 amp electrical service to the house, updated interior electrical panel, tankless water heater, new gutters, exterior paint and stucco, 2 driveways with ample parking, large corner lot with room to park a boat or RV. Neighborhood has sidewalks and is PET friendly. Homeowner has current architectural & structural drawings to convert the carport and storage room to a master ensuite bed and bath. Home would make a great primary residence or AirBnB, there is unlimited potential with this home.
You are in walking distance to the beach, grocery stores, shops, restaurants and are in close proximity to highways. Don't miss out on the OPPORTUNITY to own this home, it's a must see to fully appreciate!!
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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 Deerfield Shores
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$6,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017