653 Heming Way
About This Property
Come join the gorgeous 55+ community of Alamanda Key, located in an exceptional gated Key West style community. This Islamorada model 3 bedroom, 2 bath home with an oversized 2 car garage boasts all the upgrades you can imagine, from crown molding throughout the living areas, to granite counter tops, and upgraded wooden cabinetry. Too many features to list.
Built in 2016 this concrete block home also has impact windows, accordion shutters, and a metal roof. Relax on your Key West style front porch while enjoying your lakefront view. Come enjoy a carefree low maintenance lifestyle where you'll love where you live. Schedule your private 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 |
|---|---|---|---|
| Dec 29, 2023 | Sold | ||
| Sold | |||
| Jul 15, 2023 | Listed by The Mortgage Project, Inc | $420,000 | |
| Listed by The Mortgage Project, Inc | |||
| Apr 7, 2016 | Sold | ||
| Sold | |||
| Oct 26, 2015 | Listed by The Mortgage Project, Inc | $229,903 | |
| Listed by The Mortgage Project, Inc | |||
| Aug 17, 2015 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017