This 2-bedroom, 1.5-bath waterfront residence offers 1,158 square
feet of comfortable living on a 2 way street in Ancient Oaks
55+ Community of Okeechobee. The single-story,
doublewide layout features an attached carport and covered
entry with clean white siding exterior and bay window detail.
Inside, a screened porch with vaulted ceilings extends your living
space and provides direct access to waterfront. The property
includes an owned water treatment system with reverse osmosis,
along with newer roof 2018, hotwater heater 2023, exterior air
conditioning 2021, on a dedicated concrete pad. This tranquil
waterfront setting combines low-maintenance & modern systems.
Extra storage cubbys under house. All appliances stay. Home
qualifies for a VA Loan. Log & Show through Showingtime App Home
has new interior paint and LVL flooring. Full kitchen with
dishwasher and RO water treatment. Interior Laundry room with lots
of cabinetry.
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.
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Water Purifier Owned, Refrigerator, Water Softener Owned, Water Softener, Water Heater, Water Purifier
Flooring Type: Engineered Hardwood
Laundry Features: Washer Hookup, Electric Dryer Hookup, Laundry Room, In Unit
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